Help Seve Exit Sub Check my wet 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 saw chicken trat costs $14,200, the company produces two parts: 2.500 pounds of drumsticks and 6,000 pounds of breast for a processing cost of 52.282. The chicken breast is further processed into 5,200 pounds of steak for a processing cost of $3100 The market price of drumsticks per pound in 5180 and the market price per pound of chicken steak is 5530 if Zachary decided to sell chicken breast instead of chicken steak, the price per pound would be $260 Required 1-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight at the location date -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 -2. Calculate the gross profit for each product 1. Should Martin further process chicken breasts into chicken strak? (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 Search 66 310 10/12 op 8 w // E S H K X B N M Up YURAN -tars - RAQAL Reg AZ RoqA3 Rog Bi Reg 32 Reg CI Reg 2 Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. (Round "Alloca rate" to 2 decimal places.) Allocation Rate Weight of Base Allocated Cost Product Drumsticks Chicken breast Total allocated cost RE Reg A2 > Search O 66F 5 OP 0 9 E R U S G J K. x C B N M Reg A1 Req A2 Req A3 Req B1 Reg B2 Calculate the gross profit for each product. Chicken Chicken Drumsticks Breast Revenue Cost of goods sold Gross margin here to search o RI 9 2 66F w ER T H K X B N tem 1 23 Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Reg A3 Req B1 Reg 2 Reg Rec Chicken Calculate the gross profit for each product. (Round intermediate calculations and final answers to 2 decimal places Chicken Drumsticks Revenue Cost of goods sold Gross profil (Reg 31 ReqC1 > 3 here to search o . 9 66F > Tch O g 66F UT 8 E E T Y R F G HU Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Reg 1 Req B2 Reg ci Reg C2 How would the profit be affected by your answer in c-1? Elled on profit search o BI g 66 22 5 10 7 03 I w E R T JL