Homework: Chapter 11 Cost Allocation: Joint Products - Hom Save Score: 1.67 of 5 pts 2 of 2 (2 complete) HW Score: 52.38%, 3.67 of 7 p P16-34 (similar to) Question Help The Cocoa Butter Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2017 are as follows (assume no invento (Click the Read the rea (Click the icon to view more information about Cocoa Butter.) More Info Requirement 1. Calculate how the joint costs of $52,000 would be allocated between chocolate powder and milk chocolate u It purchases cocoa beans and processes them into two intermediate products: a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting a chocolate-powder liquor base and milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 1,600 pounds of cocoa beans yields 25 gallons of chocolate-powder liquor base and 100 gallons of milk-chocolate liquor base. Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder $ Milk chocolate Total b. Allocate the joint costs using the physical measure method. Begin 6,000 9,000 15,000 0.4000 S 0.6000 1.0000$ 20,800 31,200 52,000 The chocolate-powder liquor base is further processed into chocolate powder Every 25 gallons of chocolate-powder liquor base yield 690 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate Every 100 gallons of milk-chocolate liquor base yield 1,110 pounds of milk chocolate More Info Physical measure of total production Weighting Chocolate powder Milk chocolate Total c. Allocate the joint costs using the net realizable value methood. 375 1,500 1,875 0.2000 0.8000 1.0000 Cocoa beans processed, 24,000 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $52,000 Sales Selling Price Separable Processing Costs Production 10,350 pounds 6,900 pounds11 per pound $ 16,650 pounds 14,300 pounds8 per pound $ Chocolate powder 18,150 allocated to the nearest whole dollar.) Milk chocolate 78,290 Cocoa Butter Edibles Factory fully processes both of its intermediate products into chocolate powder or milk chocolate. There is an active market for these intermediate products. In August 2017, Cocoa Butter Edibles Factory could have sold the chocolate-powder liquor base for $16 a gallon and the milk-chocolate liquor base for $6 a gallon. Net realizable Enter any number in the edit fields and then click Check Homework: Chapter 11 Cost Allocation: Joint Products - Hom Save Score: 1.67 of 5 pts 2 of 2 (2 complete) HW Score: 52.38%, 3.67 of 7 p P16-34 (similar to) Question Help The Cocoa Butter Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2017 are as follows (assume no invento (Click the Read the rea (Click the icon to view more information about Cocoa Butter.) More Info Requirement 1. Calculate how the joint costs of $52,000 would be allocated between chocolate powder and milk chocolate u It purchases cocoa beans and processes them into two intermediate products: a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting a chocolate-powder liquor base and milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 1,600 pounds of cocoa beans yields 25 gallons of chocolate-powder liquor base and 100 gallons of milk-chocolate liquor base. Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder $ Milk chocolate Total b. Allocate the joint costs using the physical measure method. Begin 6,000 9,000 15,000 0.4000 S 0.6000 1.0000$ 20,800 31,200 52,000 The chocolate-powder liquor base is further processed into chocolate powder Every 25 gallons of chocolate-powder liquor base yield 690 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate Every 100 gallons of milk-chocolate liquor base yield 1,110 pounds of milk chocolate More Info Physical measure of total production Weighting Chocolate powder Milk chocolate Total c. Allocate the joint costs using the net realizable value methood. 375 1,500 1,875 0.2000 0.8000 1.0000 Cocoa beans processed, 24,000 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $52,000 Sales Selling Price Separable Processing Costs Production 10,350 pounds 6,900 pounds11 per pound $ 16,650 pounds 14,300 pounds8 per pound $ Chocolate powder 18,150 allocated to the nearest whole dollar.) Milk chocolate 78,290 Cocoa Butter Edibles Factory fully processes both of its intermediate products into chocolate powder or milk chocolate. There is an active market for these intermediate products. In August 2017, Cocoa Butter Edibles Factory could have sold the chocolate-powder liquor base for $16 a gallon and the milk-chocolate liquor base for $6 a gallon. Net realizable Enter any number in the edit fields and then click Check