AccountingDelite Confectionary Company produces varioustypes of candies. Several candies could be soldat the split-off point or processed further andsold in a different form after further processing.The candies are produced in a joint processingoperation with $590,000 of joint processingcosts monthly, which are allocated based onpounds produced. Information concerning thisprocess for a recent month appears below:Candy typeSweet MeatsChocolateDelightMintyWondersNumber ofpounds59,000109,00034,000Price perpound atsplit-off$8$10$5If Chocolate Delight is processed further, thegross profit margin that will appear in a productline income statement for Chocolate Delightwould be:Note: Do not round intermediate calculations.Multiple Choice$1,127,300.$808,934.$697,974.$619,000.Furtherprocessingcosts$ 84,000$ 39,000$ 29,000Price afterprocessingfurther$ 10.00$ 10.70$ 5.50

Answered: If Chocolate Delight is processed…

If Chocolate Delight is processed further, the gross profit margin that will appear in a product line income statement for Chocolate Delight would be: Note: Do not round intermediate calculations.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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