Required information Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Split-Off Joint Cost Cereal $ 34,000 Yummies Point Sales Price per Kilogram Crummies 13,200 kilograms 8,800 kilograms $ 2.40 2.90 Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Company's joint production cost between Yummies and Crummies. Note: Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount. Yummies Crummies Total Sales Value at Split-off Point Allocation of Joint Cost
Required information Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Split-Off Joint Cost Cereal $ 34,000 Yummies Point Sales Price per Kilogram Crummies 13,200 kilograms 8,800 kilograms $ 2.40 2.90 Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Company's joint production cost between Yummies and Crummies. Note: Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount. Yummies Crummies Total Sales Value at Split-off Point Allocation of Joint Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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anser must be in table format or i will give down vote
Transcribed Image Text:Required information
Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as
follows:
Quantity at Split-Off
Joint Cost
Cereal
$ 34,000 Yummies
Point
Sales Price per
Kilogram
Crummies
13,200 kilograms
8,800 kilograms
$ 2.40
2.90
Required:
Use the relative-sales-value method to allocate Breakfasttime Cereal Company's joint production cost between Yummies and
Crummies.
Note: Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount.
Yummies
Crummies
Total
Sales Value at
Split-off Point
Allocation of
Joint Cost
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