1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the following methods: a. Sales value at splitoff b. Physical measure (gallons) c. NRV d. Constant gross-margin percentage NRV 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? 3. Could Cocoa Nibs Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. More info - Cocoa beans processed, 19,800 pounds - Costs of processing cocoa beans to splitoff point (including purchase of beans), $68,000 Cocoa Nibs Edibles Factory fully processes both of its intermediate products into chocolate powder or mik chocolate. There is an active market for these intermediate products. In August 2020, Cocoa Nibs Edibles Factory could have sold the chocolate-powder liquor base for $24 a gallon and the milk-chocolate liquor base for $9 a gallon. Requirement 1. Calculate how the joint costs of $68,000 would be allocaled between chooolate powder and milk chocolate under the different methods a. Sales value at splatoff method. Begin by entering the approprate amounts to allocato the joint costs (Round the weighting amounts to four decimal places. ) More info It purchases cocoa beans and processes them into two intermediate products chocolate-powdor licuor base and mikcchocolate licuor base. These two intarmediate products become separately idenbilabie at a tingle spllort point Evory 900 pounds of cocoa beans yields 30 gallons of chocolato-powder liquor base and 120 galons of mik-chocdate liquor base The chocolato-powder liquar base is fiather processod irto chocolate pawder Evory 30 gations of chooolate.powder bouor base yiodd 670 pounds of chocolate powder. The mik-chocolate liquor base is further processed into mikk chooblate. Every 120 gallons of mik-chocolate levor base yotd 1,090 pounds of mik. chocotate