Answer the Following Questions Using the Information Below:
the Kenton

question 44

Multiple Choice

Answer the following questions using the information below:
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: 18,000 gallons (after shrinkage)
$\begin{array}{|l|l|r|r|}\hline \text { Production: } & \text { Butter Cream } & 7,500 & \text { gallons } \\\hline & \text { Condensed Milk } & 10,500 & \text { gallons } \\\hline \text { Sales: } & \text { Butter Cream } & 7,000 & \text { gallons } \\\hline & \text { Condensed Milk } & 10,000 & \text { gallons } \\\hline \text { Sales Price: } & \text { Butter Cream } & \$ 3.5 & \text { per gallon } \\\hline & \text { Condensed Milk } & \$ 7.5 & \text { per gallon } \\\hline \begin{array}{l}\text { Separable costsin } \\\text { total: }\end{array} & \text { Butter Cream } & \$ 12,500 \\\hline & \text { Condensed Milk } & \$ 34,700\\\hline\end{array}$ The cost of purchasing the of unprocessed milk and processing it up to the splitoff point to yield a total of 18000 gallons of saleable product was $46,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.
-What is the allocated joint costs of Butter Cream?

• A) $35,200
• B) $12,500
• C) $34,700
• D) $10,800

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Definitions:

Type A Personalities

Characterized by high competitiveness, self-imposed stress, impatience, and a sense of urgency, potentially leading to higher stress levels.

Pessimists

Individuals who tend to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Catharsis

Catharsis is the process of releasing and thereby providing relief from strong or repressed emotions, often through expressing these emotions in a controlled environment.

Aggressive Urges

Feelings or desires that drive an individual to act or think in a forceful, hostile, or harmful way.