The Cacao Bean Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Bean.) Production and sales data for August 2020 are as follows (assume no beginning inventory) (Click the icon to view the data.) More info Requirement 1. Calculate how different methods. a. Sales value at splitoff method four decimal places.) Sales product Chocolate powder It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 1,600 pounds of cocoa beans yields 25 gallons of chocolate powder liquor base and 100 gallons of milk-chocolate liquor base. The chocolate powder liquor base is further processed into chocolate powder. Every 25 gallons of chocolate-powder liquor base yield 690 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate. Every 100 gallons of milk-chocolate liquor base yield 1,110 pounds of milk chocolate. Milk chocolate Total b. Allocate the joint costs using four decimal places.) und the weighting amounts to Physic total Print Done Chocolate powder Milk chocolate Total c. Allocate the joint costs using the NRV method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal Calculator Ask my instructor Print Clear all Check answer The Cacao Bean Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Bean.) Production and sales data for August 2020 are as follows (assume no beginning inventory); (Click the icon to view the data.) More info Requirement a. Sales value Jes.) Sales Chocolate po . Cocoa beans processed, 24,000 pounds . Costs of processing cocoa beans to splitoff point (including purchase of beans), $52,000 Separable Production Selling Price Processing Costs Chocolate powder 10,350 pounds 6,900 pounds $11 per pound $ 18,150 Milk chocolate 16,650 pounds 14,300 pounds $8 per pound $ 78.000 Cacao Bean 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 2020, Cacao Bean Edibles Factory could have sold the chocolate powder liquor base for $16 a gallon and the milk-chocolate liquor base for $6 a gallon. Milk chocolat Total amounts to b. Allocate the four decimal Print Done Chocolate po Milk chocolat Total c. Allocate the joint costs using the NRV method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal Calculator Ask my instructor Print Clear all Check answer The Cacao Bean Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Bean.) Production and sales data for August 2020 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 $52,000 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.) Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder Milk chocolate Total 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 Physical measure of total production Weighting allocated Chocolate powder Milk chocolate Total c. Allocate the joint costs using the NRV method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal Calculator Ask my instructor Print Clear all Check answer The Cacao Bean Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Bean.) Production and sales data for August 2020 are as follows (assume no beginning inventory): (Click the icon to view the data.) Read the requirements. c. Allocate the joint costs using the NRV 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 Weighting allocated Chocolate powder Milk chocolate 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 Now determine the formula to compute the joint costs allocated, then enter the appropriate amounts. (Round your answers to the nearest whole dollar.) Joint costs allocated Chocolate powder = Milk chocolate = 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? Calculator Ask my instructor Print Clear all Check answer The Cacao Bean Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cacao Bean.) Production and sales data for August 2020 are as follows (assume no beginning inventory): (Click the icon to view the data.) Read the requirements. ... 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 Now determine the formula to compute the joint costs allocated, then enter the appropriate amounts. (Round your answers to the nearest whole dollar.) Joint costs allocated Chocolate powder = Milk chocolate = 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) in operating income Chocolate powder = Milk chocolate = Calculator Ask my instructor Print Clear all Check