1680 $7100 epartmental costs 3500 720 4700 7630 $14700 $12500 $25300 $5960 11900 3200 9800 530 6800

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bonita Dairy has four product lines: sour cream, ice cream, yogurt, and butter. The total costs of producing the milk base
for the products is $53500 which has been allocated based on litres of milk base used by each product. Results of July
follow:
Units sold
Revenue
$7100
Variable departmental costs 3500
Fixed costs
4700
Net income (loss)
($1100)
$32000
$13500
Sour Cream Ice Cream Yogurt Butter
1680
720
530
$53500
How much are total joint costs of the products?
$14100
$14700
9800
900
$4000
Total
4700 7630
$12500 $25300 $59600
6800 11900 32000
1500 6400
13500
$4200 $7000
$14100
Transcribed Image Text:Bonita Dairy has four product lines: sour cream, ice cream, yogurt, and butter. The total costs of producing the milk base for the products is $53500 which has been allocated based on litres of milk base used by each product. Results of July follow: Units sold Revenue $7100 Variable departmental costs 3500 Fixed costs 4700 Net income (loss) ($1100) $32000 $13500 Sour Cream Ice Cream Yogurt Butter 1680 720 530 $53500 How much are total joint costs of the products? $14100 $14700 9800 900 $4000 Total 4700 7630 $12500 $25300 $59600 6800 11900 32000 1500 6400 13500 $4200 $7000 $14100
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