Multiple Choice
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%
Correct Answer:
Verified
Correct Answer:
Verified
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