The Bean Company provides fresh colfee beans for restaurants, hotels, and other food service companies. Bean offers three types of coffee beans: Premium, Gourmet, and Quality. Each of the three coffees is produced in a joint process in which beans are cleaned and sorted. The sorting process is the split-off point in this joint process, and the output is the three types of beans. The beans can be sold at the split-of point or processed further, with different types of roasting and odditional sorting. The additional processing requires additional separable processing costs, as shown next. Sepsrable processing requires no special facilitios, and the production costs of further processing are entirely variable and traceable to the products imvolved. Last year all three products were processed beyand spit -oft. Joint production costs for the year were $145,000,000. Sales values and costs needed to evaluate Bean's production policy follow: Required: 1. Determine last year's unit cost and unit gross profit for each product assuming Bean allocates joint production costs using the physical measure method. 2. Determine unit cost and unit gross profit for each product it Bean allocates joint costs using the sales value at split-off method. 3. Which of Bean's products should be processed further? Complete this question by entering your answers in the tabs below. Determine last years unit cost and unit gross profa for each product assuming Bean allocates foint production conts using the physical measure method. (Do not round intermediste calculations and tound your final answern to 4 decimat ploces. Negat ve amounts should bo indicated by a minus sign.) The Bean Company provides fresh colfee beans for restaurants, hotels, and other food service companies. Bean offers three types of coffee beans: Premium, Gourmet, and Quality. Each of the three coffees is produced in a joint process in which beans are cleaned and sorted. The sorting process is the split-off point in this joint process, and the output is the three types of beans. The beans can be sold at the split-of point or processed further, with different types of roasting and odditional sorting. The additional processing requires additional separable processing costs, as shown next. Sepsrable processing requires no special facilitios, and the production costs of further processing are entirely variable and traceable to the products imvolved. Last year all three products were processed beyand spit -oft. Joint production costs for the year were $145,000,000. Sales values and costs needed to evaluate Bean's production policy follow: Required: 1. Determine last year's unit cost and unit gross profit for each product assuming Bean allocates joint production costs using the physical measure method. 2. Determine unit cost and unit gross profit for each product it Bean allocates joint costs using the sales value at split-off method. 3. Which of Bean's products should be processed further? Complete this question by entering your answers in the tabs below. Determine last years unit cost and unit gross profa for each product assuming Bean allocates foint production conts using the physical measure method. (Do not round intermediste calculations and tound your final answern to 4 decimat ploces. Negat ve amounts should bo indicated by a minus sign.)
