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?
Definitions:
Differential Cost
The difference in cost between two alternative decisions, or the change in costs resulting from an increase or decrease in output.
Differential Revenue
The variation in income resulting from choosing between two different options or time frames.
Differential Effect
The financial impact of a business decision that results in changes to costs or revenue, compared to maintaining the status quo.
Book Value
The net value of a company's assets as recorded on the balance sheet, calculated as total assets minus intangible assets and liabilities.
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