PLEASE SOLVE THE MISSING BLANKS ON THE PICTURES BELOW. THANK YOU Savory Foods produces two types of microwavable products: beefflavored ramen and shrimp-flavored ramen. The two products share common inputs such as noodle and spices. The production of ramen results in a waste product referred to as stock, which Savory dumps at negligible costs in a local drainage area. In June 2020, the following data were reported for the production and sales of beef-flavored and shrimp-flavored ramen: Due to the popularity of its microwavable products, Savory decides to add a new line of products that targets dieters. These new products are produced by adding a special ingredient to dilute the original ramen and are to be sold under the names Special B and Special S, respectively. Following are the monthly data for all the products: Requirements 1. Calculate Savory's gross-margin percentage for Special B and Special S when joint costs are allocated using the following: a. Sales value at splitoff method b. Physical-measure method c. Net realizable value method 2. Recently, Savory discovered that the stock it is dumping can be sold to cattle ranchers at $3 per ton. In a typical month with the production levels shown, 3,000 tons of stock are produced and can be sold by incurring marketing costs of $8,500. Samantha Davidson, a management accountant, points out that treating the stock as a joint product and using the sales value at splitoff method, the stock product would lose about $1,001 each month, so it should not be sold. How did Davidson arrive at that final number, and what dn vou think of her analvais? Shnuld Savnrv sell the stork? Data table Data table Requirement 1. Calculate Feotye gross-margin percentage for Special B and Special S using the different methods for allocating the joint costs. Savory's a. Allocate the joint costs using the sales value at spitioff method. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.) Compute the gross margin percentages using the sales value at splitoff method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parontheses or a minus sign when entering applicable negative gross margin amounts and percentages.) b. Alocate the joint costs using the physica-measure method. Enter the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.) percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.) Allocate the joint costs using the net realizable value method. Enter the amounts in the table and allocate the joint costs. (Enter the weighting to two scimal places.) et realizable value (NRV) method: ompute the gross margin percentages using the NRV method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use arentheses or a minus sign when entering applicable negative gross margin amounts and percentages.)
