K The Kenton 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: 24,000 gallons (after shrinkage) Production: Butter Cream 12,000 gallons Condensed Milk 12,000 gallons Sales: Butter Cream 11,500 gallons Condensed Milk 11,500 gallons Sales Price: Butter Cream Condensed Milk Separable costs Butter Cream $4.00 per gallon $8.00 per gallon $15,000 in total: Condensed Milk $35,200 OA. 29.6% OB. 32.5% OC. 65.1% D. 63.6%
K The Kenton 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: 24,000 gallons (after shrinkage) Production: Butter Cream 12,000 gallons Condensed Milk 12,000 gallons Sales: Butter Cream 11,500 gallons Condensed Milk 11,500 gallons Sales Price: Butter Cream Condensed Milk Separable costs Butter Cream $4.00 per gallon $8.00 per gallon $15,000 in total: Condensed Milk $35,200 OA. 29.6% OB. 32.5% OC. 65.1% D. 63.6%
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 28P: Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed...
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![K
The Kenton 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: 24,000 gallons (after shrinkage)
Production:
Butter Cream
12,000 gallons
Condensed Milk
12,000 gallons
Sales:
Butter Cream
11,500 gallons
Condensed Milk
11,500 gallons
Sales Price:
Butter Cream
Condensed Milk
Separable costs
Butter Cream
$4.00 per gallon
$8.00 per gallon
$15,000
in total:
Condensed Milk
$35,200
OA. 29.6%
OB. 32.5%
OC. 65.1%
D. 63.6%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc55934e0-f58a-4463-93b2-1f588016e216%2F60f1080d-c87d-4b92-8e9d-5b0106653b6f%2Fatvxckrz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:K
The Kenton 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: 24,000 gallons (after shrinkage)
Production:
Butter Cream
12,000 gallons
Condensed Milk
12,000 gallons
Sales:
Butter Cream
11,500 gallons
Condensed Milk
11,500 gallons
Sales Price:
Butter Cream
Condensed Milk
Separable costs
Butter Cream
$4.00 per gallon
$8.00 per gallon
$15,000
in total:
Condensed Milk
$35,200
OA. 29.6%
OB. 32.5%
OC. 65.1%
D. 63.6%
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