please use this information to do requirements 1,2, 3.

The second, the third, and fourth picture are the sample of the blankthose answers not for my questions.

The Cocoa Nibs Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cocoa Nibs.) Production and sales data for August 2017 are as follows (assume no beginning inventory): (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the different methods a Sales value splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Sales value of total Joint costs 0 More Info production at splitoff Weighting allocated Chocolate powder Milk chocolate It purchases cocoa beans and processes them into two intermediate products: chocolate powder liquor base and milk-chocolate liquor base. These two Total intermediate products become separately identifiable at a single splitoff point. Every 900 pounds of cocoa beans ylelds 30 gallons of chocolate powder liquor base and 120 gallons of milk-chocolate liquor base. The chocolate-powder liquor base is further processed into chocolate powder. Every 30 gallons of chocolate powder liquor base yield 670 pounds of chocolate powder. The rriilk-chocolate liquor base is further processed into milk chocolate. Every 120 gallons of milk-chocolate liquor base yield 1,090 pounds of milk chocolate. A More Info i Requirements Cocoa beans processud, 19,800 pounds . Costs of processing cocoa beans to splitoff point (including purchase of beans), $68,000 Separable Production Sales Selling Price Processing Costs Chocolate powder 14,740 pounds 6,700 pounds $12 per pound $ 8,975 Milk chocolate 23,980 pounds 14,500 pounds $10 per pound $ 91,095 Cocoa Nibs 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 Nibs Edibles Factory could have sold the chocolate powder liquor base for $24 a gallon and the milk-chocolate liquor base for S9 a gallon. 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the following methods: Sales value at splitoff b. Physical measure (gallons) NRV (Net Realizable Value) d. Constant gross-margin percentage NRV 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? 3. Could Cocoa Nibs Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. Entel ? 14 b. Allocate the joint costs using the physical measure method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Physical measure of Joint costs total production allocated Weighting 0.4000 $ Chocolate powder 720 18,000 27,000 Milk chocolate 1,080 0.6000 1,800 1.0000 $ 45,000 Total c. Allocate the joint costs using the net realizable value method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places. Round the joint costs allocated to the nearest whole dollar.) Net realizable Joint costs value allocated Weighting 0.3826 $ Chocolate powder 149,540 17,217 241,330 0.6174 Milk chocolate 27,783 390,870 1.0000 $ 45,000 Total 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 75.0000 %. Now determine the formula to compute the joint costs allocated, then enter the appropriate amounts. (Round your answers to the nearest whole dollar.) Total production costs Separable processing costs = Joint costs allocated Chocolate powder 39,690 9,220 = 30,470 Milk chocolate 75,600 61,070 14,530 Requirement 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? (Use parentheses or a minus sign when entering negative amounts. Round the percentages to the nearest hundredth percent, X.XX%.) Chocolate powder Milk chocolate 91.36 % 66.41 % a. Sales value at splitoff b. Physical-measure 82.85 % 70.88 % c. NRV 83.35 % 70.60 % d. Constant gross-margin percentage NRV 75.00 % 75.00 % Requirement 3. Could Cacao Bean Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. (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. Increase/(decrease) Incremental revenue Separable processing costs = in operating income $ 131,540 Chocolate powder 140,760 9,220 Milk chocolate 140,400 61,070 - $ 79,330 The Cocoa Nibs Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cocoa Nibs.) Production and sales data for August 2017 are as follows (assume no beginning inventory): (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the different methods a Sales value splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Sales value of total Joint costs 0 More Info production at splitoff Weighting allocated Chocolate powder Milk chocolate It purchases cocoa beans and processes them into two intermediate products: chocolate powder liquor base and milk-chocolate liquor base. These two Total intermediate products become separately identifiable at a single splitoff point. Every 900 pounds of cocoa beans ylelds 30 gallons of chocolate powder liquor base and 120 gallons of milk-chocolate liquor base. The chocolate-powder liquor base is further processed into chocolate powder. Every 30 gallons of chocolate powder liquor base yield 670 pounds of chocolate powder. The rriilk-chocolate liquor base is further processed into milk chocolate. Every 120 gallons of milk-chocolate liquor base yield 1,090 pounds of milk chocolate. A More Info i Requirements Cocoa beans processud, 19,800 pounds . Costs of processing cocoa beans to splitoff point (including purchase of beans), $68,000 Separable Production Sales Selling Price Processing Costs Chocolate powder 14,740 pounds 6,700 pounds $12 per pound $ 8,975 Milk chocolate 23,980 pounds 14,500 pounds $10 per pound $ 91,095 Cocoa Nibs 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 Nibs Edibles Factory could have sold the chocolate powder liquor base for $24 a gallon and the milk-chocolate liquor base for S9 a gallon. 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the following methods: Sales value at splitoff b. Physical measure (gallons) NRV (Net Realizable Value) d. Constant gross-margin percentage NRV 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? 3. Could Cocoa Nibs Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. Entel ? 14 b. Allocate the joint costs using the physical measure method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Physical measure of Joint costs total production allocated Weighting 0.4000 $ Chocolate powder 720 18,000 27,000 Milk chocolate 1,080 0.6000 1,800 1.0000 $ 45,000 Total c. Allocate the joint costs using the net realizable value method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places. Round the joint costs allocated to the nearest whole dollar.) Net realizable Joint costs value allocated Weighting 0.3826 $ Chocolate powder 149,540 17,217 241,330 0.6174 Milk chocolate 27,783 390,870 1.0000 $ 45,000 Total 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 75.0000 %. Now determine the formula to compute the joint costs allocated, then enter the appropriate amounts. (Round your answers to the nearest whole dollar.) Total production costs Separable processing costs = Joint costs allocated Chocolate powder 39,690 9,220 = 30,470 Milk chocolate 75,600 61,070 14,530 Requirement 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? (Use parentheses or a minus sign when entering negative amounts. Round the percentages to the nearest hundredth percent, X.XX%.) Chocolate powder Milk chocolate 91.36 % 66.41 % a. Sales value at splitoff b. Physical-measure 82.85 % 70.88 % c. NRV 83.35 % 70.60 % d. Constant gross-margin percentage NRV 75.00 % 75.00 % Requirement 3. Could Cacao Bean Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. (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. Increase/(decrease) Incremental revenue Separable processing costs = in operating income $ 131,540 Chocolate powder 140,760 9,220 Milk chocolate 140,400 61,070 - $ 79,330