17 (2 points) A chocolate bunny facility processes cocoa beans into liquid chocolate in a joint process. At its split-off point, liquid chocolate can be further processed into chocolate bunnies. Which of the following is irrelevant in deciding whether to sell liquid chocolate at its split-off point or to process it further into chocolate bunnies? Sales value of chocolate bunnies Cost of further processing the liquid chocolate into chocolate bunnies Sales value of liquid chocolate Joint costs incurred to process the cocoa beans into liquid chocolate Question 18 (2 points) Given the data below for Spring Has Sprung Inc., what are the average operating assets? Sales Operating income $360,000 $60,000 Average operating liabilities $190,000 Return on investment 30% $1,000,000 $232,000 $200,000 $1,200,000 Question 19 (1 point) Examples of irrelevant costs are: sunk costs, unavoidable costs, and future costs that don't differ between alternatives. True False Question 20 (2 points) Using the general transfer pricing rule, the minimum transfer price from the seller division's point of view is calculated as follows: Variable cost/unit on external transfer + Total lost contribution margin on external sales/number of units transferred internally Variable cost/unit on internal transfer + Total lost contribution margin on external sales/number of units transferred externally Variable cost/unit on internal transfer + Total lost contribution margin on external sales/number of units transferred internally Variable cost/unit on external transfer + Total lost contribution margin on external sales/number of units transferred externally