90.2K

Verified Solution

Link Copied!

Score: 0 of 25 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 80 pts untit Instructor-created question Question Help The Cocoa Mass Edibles Factory manufactures and distributes chocolate Production and sales data for August 2017 are as follows (assume no beginning products inventory Click the icon to view more information about Cocoa Muss.) Click the icon to view the data.) Read the requirements Requirement 1. Calculate how the joint costs of $68,000 would be alocated 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 Physical measure of Joint costs total production Weighting allocated Chocolate powder Milk chocolate Total c. Allocate the inint costs using the net realizable value method Beain by entering the approariate amounts to allocate the loint costs Round the weighting Choose from any list or enter any number in the input fields and then click Check Answer ed between chocolate powder and milk chocolate under the diffe Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to fc alue of total Joint costs on More Info he 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 900 pounds of cocoa beans yields 30 gallons of chocolate-powder liquor base and 120 gallons of milk-chocolate liquor base. (Round I m prod The chocolate powder liquor base is further processed into chocolate powder. Every 30 gallons of chocolate-powder liquor base yield 670 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate. Every 120 gallons of milk-chocolate liquor base yield 1,090 pounds of milk chocolate. Print Done her its. (Round the ny number in the input fields and then click Check Answer. Check Cinar All en to view more information about Cocoa Mass.) (Click the icon to view the data.) Read the requirements. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the different methods splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal pla Sales value of total Joint costs * More Info el hting bir ola Cocoa beans processed, 19,800 pounds Costs of processing cocoa beans to splitoff point (including purchase of beans) $68,000 Separable Production Sales Selling Price Processing Costs Chocolate powder 14,740 pounds 6,700 pounds $12 per pound S 8,975 Milk chocolate 23,980 pounds 14,500 pounds $10 per pound $ 91,095 Cocoa Mass 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. Cocoa Mass Edibles Factory could have sold the chocolate powder liquor base for S24 a gallon and the milk-chocolate liquor base for $9 a gallon. de Print Done lahting loir any list or enter any number in the input fields and then click Check Answer. ving Clear All Check Answer costs. (Round the weighting amounts to 5 value of total Joint costs Requirements a. C. 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the following methods: Sales value at splitoff b. Physical measure (gallons) NRV (Net Realizable Value) d. Constant gross-margin percentage NRV 2. What are the gross-margin percentages of chocolate powder and milk chocolate under each of the methods in requirement 1? 3. Could Cocoa Mass Edibles Factory have increased its operating income by a change in its decision to fully process both of its intermediate products? Show your computations. ka ing Print Done bung Leran TDCI OTOCOCTITETITOITUS TURTOWO. Clear All Chet Question Help Instructor-created question The Cocoa Mass Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cocoa Mass.) Production and sales data for August 2017 are as follows (assume no beginnin Inventory): (Click the loon to view the data.) Read the fequirements our pruuucun veignung angduru 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 Weighting allocated value 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) Choose from any list or enter any number in the input fields and then click Check Answer, Clear All Check All parts showing 25C II 2 Search HW Score: 0%, 0 of 80 Question Help nstructor-created question The Cocoa Mass Edibles Factory manufactures and distributes chocolate products. (Click the icon to view more information about Cocoa Mass.) Production and sales data for August 2017 are as follows (assume no beginning inventory) (Click the icon to view the data.) Read the equirements %. 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 hearest whole dollar) = Joint costs allocated Chocolate powder Milk chocolate Requirement 3. Could Cocoa Mass 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 and if milk-chocolate Cocoa Mass Edibles Factory could increase operating income if chocolate powder liquor base is liquor base is Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer All parts showing 25

Answer & Explanation Solved by verified expert

See Answer