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The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk....

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Accounting

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The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 28,000 gallons Production Sales Butter Cream 12.500 pallon Condensed Mill 15,500 pallon Mutter Cream 12.000 gallon Condensed Mill 15.000 gallon Cream 52.Sper pallo Condensed Miralles Sales: Separable costs in total uter Cream 13.00 Condensed M33.700 The costs of purchasing the unprocessed milk and processing it up to the split off point to yield a total of 28,000 gallons of saleable product was $46,000. The company uses constant gross-margin percentage method to allocate the joint costs of production. 1) What is the constant gross margin percent for Brital? A) 15% B) 22% C) 20% D) 30% 2) What is the allocated joint costs of Butter Cream? A) $33,700 B) $13,500 C) S34,500 D) $11,500 3) What is the allocated joint costs of Condensed Milk? A) $34,500 B) $13,500 C) $33,700 D) $11,500

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