1.) How much joint costs would be allocated to the Beef Ramen product line using sales value at split-off as the joint costs allocation method? (do not round intermediate calculations)

2.) How much joint costs would be allocated to the Shrimp Ramen product line using sales value at split-off as the joint costs allocation method? (do not round intermediate calculations)

3.) How much joint costs would be allocated to the Beef Ramen product line if the net realizable value method of allocating joint costs is used? (do not round intermediate calculations)

4.) How much joint costs would be allocated to the Shrimp Ramen product line if the net realizable value method of allocating joint costs is used? (do not round intermediate calculations)

5.)What is the gross-margin for Skinny Beef when joint costs are allocated using NRV method?

6.) What is the gross-margin for Skinny Beef when joint costs are allocated using sales value at split-off method?

Osprey Eats produces two types of microwavable ramen: beef flavored and shrimp flavored. The two products share common inputs such as noodles and spices which Osprey Eats buys from a wholesaler and these inputs are then processed to a split-off point. In June 2019 the output at the split-off point was as follows: Beef Ramen, 20,000 tons, which can be sold for $4 per ton Shrimp Ramen, 28,000 tons, which can be sold for $20 per ton The costs of purchasing the inputs and processing the inputs to the split-off point were $400,000. Osprey Eats decided to add a new line of products that targeted dieters. These new products are produced by adding a special ingredient to dilute the original ramen and are sold under the names Skinny Beef and Skinny Shrimp. Osprey Eats had no beginning or ending inventories. Both the Beef Ramen and Shrimp Ramen were further processed and then sold. Data related to June 2019 are as follows: Separable costs of processing 20,000 tons of Beef Ramen into 25,000 tons of Skinny Beef: $100,000; Skinny Beef sells for $17 per ton Separable costs of processing 28,000 tons of Shrimp Ramen into 34,000 tons of Skinny Shrimp: $238,000; Skinny Shrimp sells for $30 per ton 1