Question list Question 1 Calculator Ask my instructor K The Cacao Edibles Factory manufactures and distributes...

Transcribed Image Text:

Question list Question 1 Calculator Ask my instructor K The Cacao Edibles Factory manufactures and distributes chocolate products. i (Click the icon to view more information about Cacao.) 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 $45,000 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.) Physical measure of total production Joint costs 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 places. Round the joint costs allocated to the nearest whole dollar.) Chocolate powder Net realizable value Joint costs Weighting allocated 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%.) Clear all Check answer Question list Question 1 Calculator Ask my instructor K The Cacao Edibles Factory manufactures and distributes chocolate products. i (Click the icon to view more information about Cacao.) 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 $45,000 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.) Physical measure of total production Joint costs 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 places. Round the joint costs allocated to the nearest whole dollar.) Chocolate powder Net realizable value Joint costs Weighting allocated 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%.) Clear all Check answer