Almond Delightsis an almond grower. They have two primary products Premium Almon

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Almond Delightsis an almond grower. They have two primary products Premium Almonds and Choice Almonds Oneacreofalmond trees yields about 600 pounds of Premium and 1,400 pounds of Choice almonds at a cost of $6,000. A pound of Premium Almonds can besold for $6.68. A pound of Choicecan besolcd for $4.28. Almond Delights further processes the 1,400 pounds of Choice almonds into 175 gallons of AIl Natural Almond Butter at an additional cost of $2,500. All Natural Almond Butter is sold for S40 per gallon. The 400 pounds of Premium Almonds is further processed into 450 pounds of Chocolate Almond Delights at an additional cost of $900. Each pound of Chocolate Almond Delights is sold for$12. 1. How much ofthejoint costs should be allocated to All Natural Almond Butter under the physical unit method? 2. How much ofthejoint costs should be allocated to All Natural Almond Butter under the sales value at split-off method? 3. How much ofthejoint costs should be allocated to Chocolate Almond Delights under the NRV method? Assuming every gallon of All Natural Almond Butter and every pound of Chocolate Almonds Delights were sold: What would gross profit be for All Natural Almond Butter under thephysical unit method? 5. What would gross profit befor Chocolate Almond Delights under the sales value at split-off method?

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Allocation of Joint Cost & Computation of Gross Margin - Physical measure method Particulars Premium Almond Choice Almond Total Output at split off point 600 1400 2000 Allocation of Joint Cost (6:14) $1,800.00 $4,200.00 $6,000.00

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