More info - Cocoa beans processed, 15,300 pounds - Costs of processing cocoa beans to splitoff point (including purchase of beans), $41,000 Creme de Cacao 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 2020, Creme de Cacao Edibles Factory could have sold the chocolate-powder liquor base for $20 a gallon and the milk-chocolate liquor base for $45 a gallon. More info It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 900 pounds of cocoa beans yields 40 gallons of chocolate-powder liquor base and 160 gallons of milk-chocolate liquor base. The chocolate-powder liquor base is further processed into chocolate powder. Every 40 gallons of chocolate-powder liquor base yield 620 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate. Every 160 gallons of milk-chocolate liquor base yield 1,040 pounds of milk chocolate. Requirement 1. Calculate how the joint costs of $41,000 would be allocated between chocolate powder and milk chocolate under the different methods. a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) d. Constant gross-margin percentage NRV method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the percentage to four decimal places, X.XXXX\%.) The overall gross-margin percentage for all joint products together is %. Now determine the formula to compute the joint costs allocated, then enter the appropriate amounts. (Round your answers to the nearest whole dollar.) Requirement 3. Could Cocoa Bean Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computation (Use parentheses or a minus sign when entering decreasing amounts.) Begin by determining the formula to compute the increase/(decrease) in operating income, then enter the appropriate amounts. Cocoa Bean Edibles Factory could increase operating income if chocolate-powder liquor base is and if milk-chocolate liquor base is further processed into milk chocolate. sold at the split off point. sold at the split off point further processed into chocolate powder