1. Calculate the amount of joint cost allocated to commercial building lumber (CBL) on a physical-units basis. (Round the calculation of "Relative Proportion" to the nearest whole percent. Round your final answer to the nearest dollar amount.)

2. Calculate the amount of joint cost allocated to the mine support braces (MSB) on a relative-sales value basis. (Round the calculation of "Relative Proportion" to the nearest whole percent. Round your final answer to the nearest dollar amount.)

3. Assume the commercial building lumber is not marketable at split-off but must be further planed and sized at a cost of $586,600 per production run. During this process, 11,900 units are unavoidably lost; these spoiled units have no value. The remaining units of commercial building lumber are saleable at $13 per unit. The mine support braces, although saleable immediately at the split-off point, are coated with a tarlike preservative that costs $290,000 per production run. The braces are then sold for $14.50 each. Using the net-realizable-value basis, compute the completed cost assigned to each unit of commercial building lumber. (Round the calculation of "Relative Proportion" to the nearest whole percent. Round your final answer to 2 decimal places.)

4. If Snake River Sawmill chose not to process the mine support braces beyond the split-off point, the contribution from the joint milling process would increase or decrease by what amount?

Valdosta Chemical Company manufactures two industrial chemical products in a joint process. In May, 16,000 gallons of input costing $67,000 were processed at a cost of $161,000. The joint process resulted in 12,000 pounds of Resoline and 4,000 pounds of Krypto. Resoline sells for $25 per pound, and Krypto sells for $50 per pound. Management generally processes each of these chemicals further in separable processes to produce more refined chemical products. Resoline is processed separately at a cost of $6 per pound. The resulting product, Resolite, sells for $34 per pound. Krypto is processed separately at a cost of $15 per pound. The resulting product, Kryptite, sells for $97 per pound. Required: 2-a. Allocate the company's joint production costs for May using the physical-units method. 2-b. Allocate the company's joint production costs for May using the relative-sales-value method. 2-c. Allocate the company's joint production costs for May using the net-realizable-value method. 3-a. Valdosta's management is considering an opportunity to process Kryptite further into a new product called Omega. The separable processing will cost $39 per pound. Packaging costs for Omega are projected to be $7 per pound, and the anticipated sales price is $136 per pound. Calculate the incremental profit or loss from processing Kryptite into Omega. 3-b. Should Kryptite be processed further into Omega? Complete this question by entering your answers in the tabs below. Allocate the company's joint production costs for May using the relative-sales-value method. (Round the calculation of "Relative Proporation" to the nearest percent.) *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Valdosta Chemical Company manufactures two industrial chemical products in a joint process. In May, 16,000 gallons of input costing $67,000 were processed at a cost of $161,000. The joint process resulted in 12,000 pounds of Resoline and 4,000 pounds of Krypto. Resoline sells for $25 per pound, and Krypto sells for $50 per pound. Management generally processes each of these chemicals further in separable processes to produce more refined chemical products. Resoline is processed separately at a cost of $6 per pound. The resulting product, Resolite, sells for $34 per pound. Krypto is processed separately at a cost of $15 per pound. The resulting product, Kryptite, sells for $97 per pound. Required: 2-a. Allocate the company's joint production costs for May using the physical-units method. 2-b. Allocate the company's joint production costs for May using the relative-sales-value method. 2-c. Allocate the company's joint production costs for May using the net-realizable-value method. 3-a. Valdosta's management is considering an opportunity to process Kryptite further into a new product called Omega. The separable processing will cost $39 per pound. Packaging costs for Omega are projected to be $7 per pound, and the anticipated sales price is $136 per pound. Calculate the incremental profit or loss from processing Kryptite into Omega. 3-b. Should Kryptite be processed further into Omega? Complete this question by entering your answers in the tabs below. Allocate the company's joint production costs for May using the net-realizable-value method. (Round the calculation of "Relative Proporation" to the nearest percent.) *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Valdosta Chemical Company manufactures two industrial chemical products in a joint process. In May, 16,000 gallons of input costing $67,000 were processed at a cost of $161,000. The joint process resulted in 12,000 pounds of Resoline and 4,000 pounds of Krypto. Resoline sells for $25 per pound, and Krypto sells for $50 per pound. Management generally processes each of these chemicals further in separable processes to produce more refined chemical products. Resoline is processed separately at a cost of $6 per pound. The resulting product, Resolite, sells for $34 per pound. Krypto is processed separately at a cost of $15 per pound. The resulting product, Kryptite, sells for $97 per pound Required: 2-a. Allocate the company's joint production costs for May using the physical-units method. 2-b. Allocate the company's joint production costs for May using the relative-sales-value method. 2-c. Allocate the company's joint production costs for May using the net-realizable-value method. 3-a. Valdosta's management is considering an opportunity to process Kryptite further into a new product called Omega. The separable processing will cost $39 per pound. Packaging costs for Omega are projected to be $7 per pound, and the anticipated sales price is $136 per pound. Calculate the incremental profit or loss from processing Kryptite into Omega. 3-b. Should Kryptite be processed further into Omega? Complete this question by entering your answers in the tabs below. Valdosta's management is considering an opportunity to process Kryptite further into a new product called Omega. The separable processing will cost $39 per pound. Packaging costs for Omega are projected to be $7 per pound, and the anticipated sales price is $136 per pound. Calculate the incremental profit or loss from processing Kryptite into Omega