Coca-Cola Company produces beverages using batch costing. In September 2037, the company produces 15 batches of soda costing $5,000,000 in total. Production yields regular soda and diet soda.

Requirements:

• Allocate joint costs using the sales value at split-off method.
• Perform a performance metrics analysis (e.g., cost per unit, cycle time).
• Calculate the cost per unit for regular and diet soda.
• Prepare a cost reconciliation statement.
• Analyze the performance metrics and recommend process improvements.