Question: Please explain the answer. Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017

Please explain the answer. Quality Chicken grows and processes chickens. Each chickenis disassembled into five main parts. Information pertaining to production in JulyPlease explain the answer.

Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017 is as follows: (Click the icon to view the information.) Joint cost of production in July 2017 was $50. A special shipment of 60 pounds of breasts and 5 pounds of wings has been destroyed in a fire. Quality Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Quality Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements Data table Parts Pounds of Wholesale Selling Price per Pound Product When Production is complete 100 $ 0.70 Requirements Breast 20 0.15 Wings Thighs Bones 30 0.40 1. Compute the cost of the special shipment destroyed using the following: a. Sales value at splitoff method b. Physical measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend Quality Chicken use? Explain. 45 0.10 Feathers 5 0.10 Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent.) Breast Wings Thighs Bones Feathers Total Pounds of product 100 20 30 45 5 200 Wholesale selling price per pound $ 0.70 $ 0.15 $ 0.40 $ 0.10 $ 0.10 Sales value at splitoff 70.00 3.00 12.00 4.50 0.50 90.00 Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound

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