Question 25 (4 points) Dairy Farms processes unprocessed milk to produce two products, Butter Cream and...

 

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Question 25 (4 points) Dairy Farms processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of February: Direct Materials 22,500 gallons (after shrinkage) processed: Production: Butter Cream 10,500 gallons Condensed Milk 12,000 gallons Sales: Butter Cream Condensed 10,000 gallons 11,500 gallons Milk Sales Price: Butter Cream Condensed $6.00 per gallon $7.50 per gallon Milk Separable costs in total: Butter Cream $14,000 Condensed Milk $34,900 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,500 gallons of saleable product was $53,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.) Question 25 (4 points) Dairy Farms processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of February: Direct Materials 22,500 gallons (after shrinkage) processed: Production: Butter Cream 10,500 gallons Condensed Milk 12,000 gallons Sales: Butter Cream Condensed 10,000 gallons 11,500 gallons Milk Sales Price: Butter Cream Condensed $6.00 per gallon $7.50 per gallon Milk Separable costs in total: Butter Cream $14,000 Condensed Milk $34,900 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,500 gallons of saleable product was $53,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.)

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Answer is 25049 particulars Butter cream Condensed Milk Total Production in gallon 10500 ... View the full answer