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Requirement 1 . Calculate how the joint costs of $ 4 5 comma 0 0 0 would be allocated between chocolate powder and milk chocolate
Requirement Calculate how the joint costs of $ comma 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.
Joint costs
allocated
Chocolate powder
$
Milk chocolate
Total
$
Part
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.
Joint costs
allocated
Chocolate powder
$
Milk chocolate
Total
$
Part
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.
Joint costs
allocated
Chocolate powder
$
Milk chocolate
Total
$
Part
d Constant grossmargin percentage NRV method. Begin by entering the appropriate amounts to allocate the joint costs. Round the gross margin percentage to four decimal places, XXXX Round all other calculations to the nearest whole dollar.
Joint costs
allocated
Chocolate powder
$
Milk chocolate
$
Part
Requirement What are the grossmargin percentages of chocolate powder and milk chocolate under each of the methods in requirementUse parentheses or a minus sign when entering negative amounts. Round the percentages to the nearest hundredth percent, XXX
Chocolate powder
Milk chocolate
a Sales value at splitoff
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