C16Q2Need help please The Cacao Butter Edibles Factory manufactures and distributes chocolate products.Production and sales data for August 2017 are as follows (assume no beginning inventory):i (Click the icon to view more information about Cacao Butter.)i (Click the icon to view the data.)Read the requirements.Requirement 1. Calculate how the joint costs of $66,000 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 wMore InfoSales value of totalJoint costsproduction at splitoffWeightingallocatedChocolate powderIt purchases cocoa beans and processes them into two intermediate products:chocolatpowder liquor base and milk-chocolate liquor base. These twoMilk chocolateintermediate products become separately identifiable at a single splitoff point.Every 2,100 pounds of cocoa beans yields 40 gallons of chocolate-powder liquorbase and 60 gallons of milk-chocolate liquor base.TotalThe chocolate-powder liquor base is further processed into chocolate powder.Every 40 gallons of chocolate-powder liquor base yield 660 pounds of chocolatepowder. The milk-chocolate liquor base is further processed into milk chocolate.Every 60 gallons of milk-chocolate liquor base yield 1,080 pounds of milkEnter any number in the edit fields and then click Check Answer.?chocolate. The Cacao Butter Edibles Factory manufactures and distributes chocolate products.ProdugRequirementsMore InfoCocoa beans processed, 31,500 poundsCosts of processing cocoa beans to splitoff point (including purchase of beans), $66,0001. Calculate how the joint costs of $66,000 would be allocated between chocolate powderand milk chocolate under the following methods:а.Sales value at splitoffSeparableProcessing CostsProductionSalesSelling Priceb.Physical measure (gallons)с.NRV (Net Realizable Value)Chocolate powder9,900 pounds6,600 pounds $10 per pound $57,090d.Constant gross-margin percentage NRVMilk chocolate16,200 pounds14,000 pounds $11 per pound $77,1102. What are the gross-margin percentages of chocolate powder and milk chocolate undereach of the methods in requirement 1?Cacao Butter Edibles Factory fully processes both of its intermediate products into chocolate powder or milk chocolateThere is an active market for these intermediate products. In August 2017, Cacao Butter Edibles Factory could havesold the chocolate-powder liquor base for $42 a gallon and the milk-chocolate liquor base for $52 a gallon.3. Could Cacao Butter Edibles Factory have increased its operating income by a change inits decision to fully process both of its intermediate products? Show your computations.PrintDonePrintDone

Joint Costs are cost incurred by when one process leads to multiple products being produced. Here…

Requirement 1. Calculate how the joint costs of $66,000 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 w More Info Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. These two Milk chocolate intermediate products become separately identifiable at a single splitoff point. Every 2,100 pounds of cocoa beans yields 40 gallons of chocolate-powder liquor base and 60 gallons of milk-chocolate liquor base. Total The chocolate-powder liquor base is further processed into chocolate powder. Every 40 gallons of chocolate-powder liquor base yield 660 pounds of chocolate powder. The milk-chocolate liquor base Every 60 gallons of milk-chocolate liquor base yield 1,080 pounds of milk chocolate. further processed into milk chocolate. Enter any number in the edit fields and then click Check Answer.

Requirement 1. Calculate how the joint costs of $66,000 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 w More Info Sales value of total Joint costs production at splitoff Weighting allocated Chocolate powder It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. These two Milk chocolate intermediate products become separately identifiable at a single splitoff point. Every 2,100 pounds of cocoa beans yields 40 gallons of chocolate-powder liquor base and 60 gallons of milk-chocolate liquor base. Total The chocolate-powder liquor base is further processed into chocolate powder. Every 40 gallons of chocolate-powder liquor base yield 660 pounds of chocolate powder. The milk-chocolate liquor base Every 60 gallons of milk-chocolate liquor base yield 1,080 pounds of milk chocolate. further processed into milk chocolate. Enter any number in the edit fields and then click Check Answer.

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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42 O Browser geNOWv2 | Online teachin X + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DSU AcadCalendar C crunchy roll crunchy roll A Home - Hudl Spotify EReadir U D2L O DSU Support PDSU WebMail O DSU Account Monaco & Associates Use the following five transactions for Monaco & Associates, Inc. to answer the question(s). October 1 Bills are sent to clients for services provided in September in the amount of $800. Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco 6 leaving an invoice for $1,220. 15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9. 23 A bill for $430 for electricity for the month of September is received and will be paid on its due date in November. 31 Salaries of $850 are paid to employees. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October? Oa. $1,280 Ob. $430…
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ne File Edit View History Bookmarks Profiles Tab Window Help M Inbox (2 x MACC101 x (4726) || X Account x| Account X WiConnec× M Question X Content c ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%2 Chapter 7 Quiz i 7 7.58 points Ask Mc Graw Hill Saved QS 7-13 (Algo) Indicating journals used for posting LO P1, P2, P3, P4 The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory Debit (d) 700 Credit (e) Debit 340 (b) 1,700 Credit (d) Debit Credit 700 (a) 1,520 (c) 1,040 Accounts Payable Sales Debit (e) 340 Credit (a) Debit 1,520 Credit (b) Cost of Goods Sold Credit Debit 1,700 (c) 1,040 Transaction a. b. C. d. e. Journal 12.020 ANE 18 tv A
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Help Save & Exit ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252... 3-RA1 - Princi x M Question 2 - CV 12.5 - Conne x + Fube Maps Translate News 2.5 i 2 Required information Saved t2 of 3 ts Knowledge Check 01 J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two partners decided to liquidate their partnership. The current period's income or loss is closed to the partners' capital accounts according to the sharing agreement. Immediately before liquidation, the partnership balance sheet shows: land, $100,000; accounts payable, $80,000; J. Morgan, Capital, $15,000; and M. Halsted, Capital, $5,000. On January 15, the land was sold for $110,000 cash. On January 16, the partnership settled its liabilities. On January 31, the remaining cash was distributed to the partners. Prepare the January 15 journal entry for the partnership to…
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Topic: Uni X U2_AS i Topic: Uni X M Question X M Question x M Question √x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https% 253A%252F%252Flms.mheducation.com%252Fmghmiddle Complete this question by entering your answers in the tabs below. Required 1 Required 2 F2 Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year. a. Moab Incorporated sold a machine that it used to make computerized gadgets for $30,600 cash. It originally bought the machine for $21,400 three years ago and has taken $8,000 in depreciation. b. Moab Incorporated held stock in ABC Corporation, which had a value of $23,000 at the beginning of the year. That same stock had a value of $26,230 at the end of the year. c. Moab Incorporated sold some of its inventory for $9,200…