Managerial Accounting: E17-20 Breakfasttime Cereal Company manufactures two breakfast cereals

Managerial Accounting

E17-20
Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows:
Joint Cost Cereal Quantity atSplit-Off Point Sales Price per Kilogram
$30,000 Yummies 12,000 kilograms $2.00
Crummies 8,000 kilograms $2.50

Required:
Use the physical-units method to allocate the company’s joint production cost between Yummies and Crummies.
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