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:

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 29,500 gallons of saleable product was $49,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.What is the constant gross margin percent for Brital?
A)66%
B)29%
C)32%
D)41%

Question

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:

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 29,500 gallons of saleable product was $49,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.What is the constant gross margin percent for Brital?
A)66% 
B)29% 
C)32% 
D)41%

Quizplus · Accepted Answer

11ea8a5a_a0b7_a0fb_a19c_df8bbb23d84c_TB5540_00_TB5540_00_TB5540_00

The Brital Company Processes Unprocessed Milk to Produce Two Products,Butter