The Creme de Cacao Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Creme de Cacao) Production and sales data for August 2017 are as follows (assume no beginning inventory): i (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate how the joint costs of $60,000 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 production at splitoff Joint costs allocated Weighting 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.) Physical measure of total production Joint costs allocated Weighting Chocolate powder Milk chocolate 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 i More Info value Weighting allocated Chocolate powder It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and Milk chocolate milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 1,200 pounds of cocoa beans yields 30 gallons of chocolate-powder liquor base and 90 gallons of milk-chocolate liquor base. Choose from any list or enter any number in the input fields and then click Check Answer The chocolate powder liquor base is further processed into chocolate powder. Every 30 gallons of All parts showing chocolate powder liquor base yield 640 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate. Every 90 gallons of milk-chocolate liquor base yield 1,060 pounds of milk chocolate. The Creme de Cacao Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more Information about Creme de Cacao.) i More Info Net realizable value Joint costs allocated Weighting Chocolate powder Milk chocolate Total Cocoa beans processed, 22,800 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $60,000 Separable Processing Production Sales Selling Price Costs Chocolate powder 12,160 pounds 6.400 pounds $ per pound $ 38,360 Milk chocolate 20,140 pounds 13,000 pounds $ 9 per pound $ 56,384 Creme de Cacao 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, Creme de Cacao Edibles Factor could have sold the chocolate powder liquor base for $29 a gallon and the milk-chocolate liquor base for $87 a gallon. d. Constant gross-margin percentage NRV method. Begin by entering the appropriate amounts to allocate the joint costs. 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 answer J = Joint costs allocated Print Done Chocolate powder Milk chocolate Requirement 3. Could Creme de Cacao 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 Creme de Cacao Edibles Factory could increase operating income if chocolate-powder liquor base is and if milk-chocolate liquor base is Choose from any list or enter any number in the input fields and then click Check Answer. The Creme de Cacao Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Creme de Cacao) Production and sales data for August 2017 are as follows (assume no beginning inventory): i (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate how the joint costs of $60,000 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 production at splitoff Joint costs allocated Weighting 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.) Physical measure of total production Joint costs allocated Weighting Chocolate powder Milk chocolate 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 i More Info value Weighting allocated Chocolate powder It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and Milk chocolate milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 1,200 pounds of cocoa beans yields 30 gallons of chocolate-powder liquor base and 90 gallons of milk-chocolate liquor base. Choose from any list or enter any number in the input fields and then click Check Answer The chocolate powder liquor base is further processed into chocolate powder. Every 30 gallons of All parts showing chocolate powder liquor base yield 640 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate. Every 90 gallons of milk-chocolate liquor base yield 1,060 pounds of milk chocolate. The Creme de Cacao Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more Information about Creme de Cacao.) i More Info Net realizable value Joint costs allocated Weighting Chocolate powder Milk chocolate Total Cocoa beans processed, 22,800 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans), $60,000 Separable Processing Production Sales Selling Price Costs Chocolate powder 12,160 pounds 6.400 pounds $ per pound $ 38,360 Milk chocolate 20,140 pounds 13,000 pounds $ 9 per pound $ 56,384 Creme de Cacao 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, Creme de Cacao Edibles Factor could have sold the chocolate powder liquor base for $29 a gallon and the milk-chocolate liquor base for $87 a gallon. d. Constant gross-margin percentage NRV method. Begin by entering the appropriate amounts to allocate the joint costs. 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 answer J = Joint costs allocated Print Done Chocolate powder Milk chocolate Requirement 3. Could Creme de Cacao 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 Creme de Cacao Edibles Factory could increase operating income if chocolate-powder liquor base is and if milk-chocolate liquor base is Choose from any list or enter any number in the input fields and then click Check