A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $300,000, and the following quantities of product and sales revenues were produced. Product Pounds Feed 130,000 Flour 53,000 Starch 23,000 Price per Pound $1.20 2.50 4.00 How much of the $300,000 cost should be allocated to feed if the value basis is used? (Round your intermediate percentage to the nearest whole percent.) Multiple Choice $156,000. $173,333. $300,000. $123,000. 50. A company rents a building with a total of 110,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $33,000. How much of the monthly rental expense should be allocated to a department that occupies 12,000 square feet on the first floor? (Do not round your intermediate calculations.) Multiple Choice $4,800. $6,000. 0 $3,600. O $2,400. 0 $1,200. $7,200. Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point M 280 lbs. 210 lbs. $9.00 /lb. $18.00 /lb. Compute the cost to be allocated to Product L for this period's $720 of joint costs if the value basis is used. (Do not round intermediate calculations.) Multiple Choice $538.00. $862.00. $2,284.00. $288.00. $134.00