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The Rich and Creamy Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2017 are as follows (assume no beginning inventory
The Rich and Creamy Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2017 are as follows (assume no beginning inventory (Click the icon to view more information about Rich and Creamy.) (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate how the joint costs of $70,000 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 amoun Sales value of total Joint costs 1 More Info production at splitoff Weighting allocated Chocolate powder Milk chocolate Total Sales Saling Price Processing Costs Production per 46,035 31,280 pounds 6,800 pounds $ 8 pound per Milk chocolate 50,600 pounds 14,400 pounds $ 9 pound $ 55,085 Rich and Creamy Edibles Factory fully processes both of its intermediate products chocolate powder or milk chocolate, There is an active market for these intermediate products. in August 2017, Rich and Creamy Edibles Factory could have sold the chocolate-powder liquor base for $21 a gallon and the milk-chocolate liquor base for $28.a into Enter any number in the edit fields and then click Check Answer. gallon parts remaining Print Done
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