23 Franklin Chicken Corporation process and package for grocery step them into two different product chicken and chick from a 15.000 pounds postos, the company produces sports 3.250 pounds of draw 6.000 pounds of treatment 56.170 The chicken breast is the proceed to 5200 pounds of the face of 2.100 Theme drumsticks per pound is $130 and the market price per pound of chicken sex 5410. Proindecided to sell the trees instead of chicken stok the price per pound would be 52.0 Required Allocate the joint cost to the reducts, drumstics and treating weight locational 3. If the drumsticks are producing a loss, thould that aroduct in beliminated? b-1. Realocate the joint cost to the joint products, drumsticks and brat, ng relative market in the ct Should Martin further process chicken bred into chickens (Use the son made in requirement 2. How would the profit be affected by your answer in Complete this question by entering your answers in the tabs below. HAI MGA Het AB Allocate meint cost to the Joint productions we can be domace Product Drums Sed werent products chicken drumsticks and chicken steak from a standard batch of 15.000 pounds of the I purchases chickens from farmers and processes costs $8.050, the company produces two parts: 3.250 pounds of drumsticks and 6.000 pounds of breast for a processing cost of $6,370. The chicken breast is further processed into 5.200 pounds of stok for a processing cost of $2.500 The market price of drumsticks per pound is $130 and the market price per pound of chicken steak is $410. Frank decided to sell chicken breast instead of chicken steak, the price per pound would be $230 Required 1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. 2-3. If the drumsticks are producing a loss, should that product line beliminated b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the location base 1. Should Martin further process chicken breasts into chicken stook? Use the assumption made in requrement c-2. How would the profit be affected by your answerino Complete this question by entering your answers in the tabs below. Reg A1 Rea A2 NA Reg 01 Rea 2 RC2 Calculate the gross profit for each product Chicken Drumsticks Chicken Rever Cost of goods sold Gromargin 5 03 { AJA NA Shed Required -1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base 3-2. Calculate the gross profit for each product --3. If the drumsticks are producing a loss, should that product line beliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the location base b-2. Calculate the gross profit for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - c-2. How would the profit be affected by your answer in Complete this question by entering your answers in the tabs below. Req Reg A1 Reg A2 Reg AB Reg 1 Reg 2 RCI of the drumsticks are producing a low, should that product line be eliminated? The imati putine tesliminated Soducts, drumsticks and breasts, using weight as the allocation base Calculate the gross profit for each product a-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base. b-2. Calculate the gross profit for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1 c-2. How would the profit be affected by your answer in CP Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req A3 Req B1 Req B2 Reg CI Reg C2 Calculate the gross profit for each product. (Round Intermediate calculations and final answers to 2 decimal places.) Chicken Drumsticks Chicken Breast Revenue Cost of goods sold Gross profit $ 0.00 $ 0.00 uve joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross profit for each product. a-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base. b-2. Calculate the gross profit for each product. c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1 c-2. How would the profit be affected by your answer in CR Complete this question by entering your answers in the tabs below. Read Reg A2 Reg AZ Req A3 Reg 31 Reg 02 Reg C2 Should Franklin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1). Franklin should can further process chicken breasts into chicken steak, 3-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base 3-2. Calculate the gross profit for each product 2-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base, b-2. Calculate the gross profit for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirements c-2. How would the profit be affected by your answer in Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Reg 1 Reg B2 Reg CI Read How would the profit be affected by your answer in c-17 Effect on profit --1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base --3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base b-2. Calculate the gross profit for each product 6-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement b. c-2. How would the profit be affected by your answer in Complete this question by entering your answers in the tabs below. Reg C2 Reg A1 Reg A2 Req As Reg: Reg 02 Reg CI If the drumsticks are producing a loss, should that product line be eliminated? The drumstick product line be olmated Required a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross profit for each product a-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base. b-2. Calculate the gross profit for each product. 0-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1. c-2. How would the profit be affected by your answer in R Complete this question by entering your answers in the tabs below. Req B1 Req 82 Reg C1 Reg C2 Req A1 Req AZ Req A3 Calculate the gross profit for each product. (Round intermediate calculations and final answers to 2 decimal places.) Chicken Drumsticks Chicken Breast Revenue Cost of goods sold Gross profit $ 0.00 5 0.00 Required a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross profit for each product a-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base b-2. Calculate the gross profit for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1. c-2. How would the profit be affected by your answer in c-? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Req B1 Reg B2 Reg Ci Reg C2 Should Franklin further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1). Franklin should can further process chicken breasts into chicken stoak 2-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross profit for each product. a-3. If the drumsticks are producing a loss, should that product line be eliminated? b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base. b-2. Calculate the gross profit for each product . c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement bn c-2. How would the profit be affected by your answer in C-P? Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req A3 Req B1 Req B2 Reg C1 Reg C2 How would the profit be affected by your answer in c-1? Effect on profit