Check my work Zachary Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes them into two different products: chicken drumsticks and chicken steak. From a standard batch of 23,000 pounds of raw chicken that costs $14,200, the company produces two parts: 2,500 pounds of drumsticks and 6,000 pounds of breast for a processing cost of $2,282. The chicken breast is further processed into 5,200 pounds of steak for a processing cost of $3,300. The market price of drumsticks per pound is $1.80 and the market price per pound of chicken steak is $5.30. If Zachary decided to sell chicken breast instead of chicken steak, the price per pound would be $2.60. 10 points eBook Required Print References 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. points Complete this question by entering your answers in the tabs below. eBook Print Req A1 Reg A1 Reqaz Req A2 Req A3 Req Bi Req B2 Req B2 Req c | Req C2 References Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. (Round "Allocation rate" to 2 decimal places.) Allocation Rate x Weight of Base = Allocated Cost $ Product Drumsticks Chicken breast Total allocated cost O eBook Complete this question by entering your answers in the tabs below. Print References Req A1 Req A2 Req A3 Req B1 Reg B2 Req C1 Req C2 Calculate the gross profit for each product. Chicken Drumsticks Chicken Breast Revenue Cost of goods sold s sold Gross margin $ 0 $ 0 eBook Print Complete this question by entering your answers in the tabs below. References Req A1 Req A2 Req A3 Req B1 Req B2 Req C1 Req C2 If the drumsticks are producing a loss, should that product line be eliminated? The drumstick product line be eliminated. eBook Complete this question by entering your answers in the tabs below. Print References Req A1 Req A2 Req A3 Req B1 Req B2 Req C1 Req C2 Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base. (Round intermediate calculations and final answers to 2 decimal places.) Total cost of drumsticks Total cost of chicken breasts points Complete this question by entering your answers in the tabs below. eBook Print References Req A1 Req A2 Req A3 Req B1 Req B2 Req c1 Req 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 eBook Print Complete this question by entering your answers in the tabs below. References Req A1 Reg A2 Req A3 Req B1 Req B1 Req B2 Req c1 Req C2 Should Zachary further process chicken breasts into chicken steak? (Use the assumption made in requirement b-1). Zachary should can further process chicken breasts into chicken steak. eBook Print Complete this question by entering your answers in the tabs below. References Req A1 Req A2 Req A3 Req B1 Req B2 Req c1 Req c2 How would the profit be affected by your answer in c-1? Effect on profit