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Assume that Orchard Fresh, Inc. uses the sales-volume-at-split-off method of joint cost allocation and has provided the following information about the four grades of

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Assume that Orchard Fresh, Inc. uses the sales-volume-at-split-off method of joint cost allocation and has provided the following information about the four grades of apples: Grades Grade A Grade B Slices Applesauce Total Pounds 1,600 5,000 8,000 5,400 20,000 Price at Split-off (per lb.) $4.00 1.00 0.50 0.10 Total joint cost is $18,000. Allocate the joint cost to the four grades of apples using the sales-value-at-split-off method. (Carry out the percent calculations to four significant digits. Round all cost allocations to the nearest dollar.

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