managers. Every six months, managers are glven stretch operating- targets. They receive no bonus If the target is not met and a fixed amount of the target is met or exceeded. Required: 1) The Wild Orchard Corporation uses the estimated NRV method to determine Inventory cost of its Joint products; by-products are reported on the statement of financial position at their selling price when produced. For the month of October 2017, calculate the following: a. The output for apple slices, applesauce, apple Juice, and animal feed, In kllograms. (10 marks) b. The estimated NRV at the splitoff point for each of the three Joint products. (10 marks) c. The amount of the cost of the Cutting Department assigned to each of the three Joint products and the amount assigned to the by-product in accordance with corporate policy. (10 marks) d. The gross margins in dollars for each of the three joint products. (10 marks) 2) Comment on the significance to management of the gross margin dollar Information by Joint product for planning and control purposes, as opposed to inventory costing purposes. (10 marks) 3) Assume that Wild Orchard managers aim to maximize their bonuses over time. What by- product method (the pre-2017 method or the 2017 method) would the manager prefer? (10 marks) 4) How might a controller gain insight in to whether the manager of the Apple Products division is "abusing" the accounting system in an effort to maximize his or her bonus? (10 mqarks) 5) Describe an accounting system for the Wild Orchard Corporation that would reduce "gaming behaviour by managers with respect to accounting rules for by-products. (10 marks) 6) Provide a recommendation given the case facts and your analysis. (10 marks) 7) Pay attention to detail within your answers in terms of spelling, grammar, and formatting. (10 marks) managers. Every six months, managers are glven stretch operating- targets. They receive no bonus If the target is not met and a fixed amount of the target is met or exceeded. Required: 1) The Wild Orchard Corporation uses the estimated NRV method to determine Inventory cost of its Joint products; by-products are reported on the statement of financial position at their selling price when produced. For the month of October 2017, calculate the following: a. The output for apple slices, applesauce, apple Juice, and animal feed, In kllograms. (10 marks) b. The estimated NRV at the splitoff point for each of the three Joint products. (10 marks) c. The amount of the cost of the Cutting Department assigned to each of the three Joint products and the amount assigned to the by-product in accordance with corporate policy. (10 marks) d. The gross margins in dollars for each of the three joint products. (10 marks) 2) Comment on the significance to management of the gross margin dollar Information by Joint product for planning and control purposes, as opposed to inventory costing purposes. (10 marks) 3) Assume that Wild Orchard managers aim to maximize their bonuses over time. What by- product method (the pre-2017 method or the 2017 method) would the manager prefer? (10 marks) 4) How might a controller gain insight in to whether the manager of the Apple Products division is "abusing" the accounting system in an effort to maximize his or her bonus? (10 mqarks) 5) Describe an accounting system for the Wild Orchard Corporation that would reduce "gaming behaviour by managers with respect to accounting rules for by-products. (10 marks) 6) Provide a recommendation given the case facts and your analysis. (10 marks) 7) Pay attention to detail within your answers in terms of spelling, grammar, and formatting. (10 marks)