o Munoz 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 16,000 pounds of raw chicken that costs $8,500, the company produces two parts: 2,400 pounds of drumsticks and 5,200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4.400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $170 and the market price per pound of chicken steak is $4.40. I Munoz decided to sell chicken breast instead of chicken steak, the price per pound would be $2.40. points Required a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross margin 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. b-2. Calculate the gross margin for each product. 0-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - c-2. How would the profit be affected by your answer in c.1? Deference Complete this question by entering your answers in the tabs below. Required Al Required A2 Required A3 Required 1 Required 32 Required C1 Required C2 Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. (Round "Allocation rate to 2 decimal places) Allocation Rate * Weight of Base - Allocated Cost Product Drumsticks Chan breast To locale con Munoz 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 16,000 pounds of raw chicken that costs $8,500, the company produces two parts: 2,400 pounds of drumsticks and 5.200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4,400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $1.70 and the market price per pound of chicken steak is $4.40. If Munoz decided to sell chicken breast instead of chicken steak, the price per pound would be $2.40. Required a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross margin 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. b-2. Calculate the gross margin for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - c-2. How would the profit be affected by your answer inn Complete this question by entering your answers in the tabs below. Required Al Required A Required AB Required B1 Required 2 Required CI Required 2 Calculate the gross margin for each product Chicken Drumsticks Required A3 > 00 Munoz 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 16,000 pounds of raw chicken that costs $8,500, the company produces two parts: 2.400 pounds of drumsticks and 5,200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4.400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $170 and the market price per pound of chicken steak is $4.40. Munoz decided to sell chicken breast instead of chicken steak, the price per pound would be $2.40. Required -- 1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross margin for each product --3. 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. b-2. Calculate the gross margin for each product c-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - 2. How would the profit be affected by your answer inc? Complete this question by entering your answers in the tabs below. Required A1 Required N2 Rued A3 Required 1 Required 2 Required at Required C2 If the drumsticks are producing a loss, should that product inebe eliminated (be elminated Ben > Munoz 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 16,000 pounds of raw chicken that costs $8.500, the company produces two parts: 2,400 pounds of drumsticks and 5,200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4,400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $170 and the market price per pound of chicken steak is $4.40. If Munoz decided to sell chicken breast Instead of chicken steak, the price per pound would be $2.40. points Required 1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. 3-2. Calculate the gross margin for each product -3. 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 b-2. Calculate the gross margin for each product 6.1. Should Martin further process chicken breasts into chicken steak? Use the assumption made in requirement - c-2. How would the profit be affected by your answer in c.? rences Complete this question by entering your answers in the tabs below. Required Al Required equired A Required 1 Required 12 Required Recured C2 Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the location base (Round intermediate calculations and final answers to a decimal places) T hen Munor 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 16.000 pounds of raw chicken that costs $8.500, the company produces two parts. 2.400 pounds of drumsticks and 5.200 pounds of breast for a processing cost of $4748. The chicken breast is further processed into 4400 pounds of steak for a processing cost of $2.400. The market price of drumsticks per pound is $170 and the market price per pound of chicken steak is $4.40. Munoz decided to sell chicken breast Instead of chicken steak, the price per pound would be $2.40 points Required - Allocate the joint cost to the joint products drumsticks and breasts, using weight as the allocation base -2. Calculate the gross margin for each product 3. the drumsticks are producing a loss, should that product line be eliminated? - Reallocate the joint cost to the joint products, drumsticks and breasts, using relativement les as the location base 2. Calculate the gross margin for each product e Should Martin further process chicken breasts into chicken steak? Use the assumption made in rement 2. How would the profit be affected by your answer in Complete this question by entering your answers in the tabs below Rele C e the grous Protor each product Chicken Cost of Munoz 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 16,000 pounds of raw chicken that costs $8,500, the company produces two parts: 2,400 pounds of drumsticks and 5,200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4.400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $1.70 and the market price per pound of chicken steak is $4.40. If Munoz decided to sell chicken breast instead of chicken steak, the price per pound would be $2.40. points Required 2-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base a-2. Calculate the gross margin for each product a-3. 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 b-2. Calculate the gross margin for each product -1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - 2. How would the profit be affected by your answer in c. Complete this question by entering your answers in the tabs below. Required Al Required A2 Required A) Required! Required 2 Required CL Required C2 Should Munoz urther process chicken breasts into chicken steak? (Use the assumption made in requirement b-1). Munor can further process chicken breasts into chicken steak Munoz 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 16,000 pounds of raw chicken that costs $8,500, the company produces two parts: 2.400 pounds of drumsticks and 5.200 pounds of breast for a processing cost of $4,748. The chicken breast is further processed into 4,400 pounds of steak for a processing cost of $2,400. The market price of drumsticks per pound is $170 and the market price per pound of chicken steak is $4.40. If Munoz decided to sell chicken breast instead of chicken steak, the price per pound would be $2.40. points Required a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. a-2. Calculate the gross margin for each product a-3. 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. b-2. Calculate the gross margin for each product 0-1. Should Martin further process chicken breasts into chicken steak? (Use the assumption made in requirement - 2. How would the profit be affected by your answer incr Complete this question by entering your answers in the tabs below. Required Al Required A2 Required A Required t Required B2 Required CI Required C2 How would the profit be affected by your answerin-17 Election profit ( red