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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%

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%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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%
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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