Garden Labo produces a drug used for the trement of arthis. The drug is produced in batches Cick the icon to view tool information) In March Gardenwhich had no opening inventory, processed on bich of chemicals 2.000 gations of product for human use and 300 golions of the veterinarian product Garden llocating joint production costs Read the rest ermediary calculations. Only round the amount you input in the cell to the nearest for each Requirements - duct ve 1. How much in joint costs does Garden allocate to each product? 2. Compute the cost of ending inventory for each of Garden's products. 3. If Garden were to use the constant gross-margin percentage NRV method instead, how would it allocate its joint costs? 4. Calculate the gross margin on the sale of the product for human use in March under the constant gross-margin percentage NRV method. 5. Suppose that the separation process also yields 300 pints of a toxic byproduct. Garden currently pays a hauling company $6,000 to dispose of this byproduct. Garden is contacted by a firm interested in purchasing a modified form of this byproduct for a total price of $7,000. Garden estimates that it will cost about $35 per pint to do the required modification. Should Garden accept the offer? TOSS-marg t Vet Pro Print Done put fields cate to each product? (Do not round intermediary calculations. Only round the amount you input in the cell to the each More Info - X ve Chemicals costing $50,000 are mixed and heated, then a unique separation process then extracts the drug from the mixture. A batch yields a total of 3,000 gallons of the chemicals. The first 2,500 gallons are sold for human use while the last 500 gallons, which contain impurities, are sold to veterinarians. The costs of mixing, heating, and extracting the drug amount to $155,000 per batch. The output sold for human use is pasteurized at a total cost of $130,000 and is sold for $600 per gallon. The product sold to veterinarians is irradiated at a cost of $20 per gallon and is sold for $450 per gallon. Print Done mar et Pd Requirement 1. How much in joint costs does Garden allocate to each product? (Do not found intermediary calculations. Only round the amount you input in the cell to the nearest do Joint costs allocated to human product Joint costs allocated to veterinarian product Requirement 2. Compute the cost of ending inventory for each of Garden's products. (Round the cost per gallon amounts to the nearest cont.) Human Product Vet Product Total Separable costs Joint costs Total costs Units produced (gallons) Cost per gallon Units in ending inventory gallons) Cost of ending Inventory Requirement 3. Garden were to use the constant grosu-margin percentage NRV method instead, how would allocate its point cos? Human Product Vet Product Total Final sales value of production Gross margin Total costs Separable costs Joint costs Requirement 4. Calculate the grous margin on the sale of the product for human in March under the constant grow margin percentage RV method The grona margin on the sale of the product for human use in March under the constant grous margin percentage NV method is Requirements. Suppose that the separation process also yields 300 pints of a toxic byproduct Garden currently pays a huling company 56,000 to dispose of this typroduct Garden in contacted by feminterest in Durchasing a modified form of this byproduct for a total price of 57.000 Garden is that it will cost about $35 per pint to do the regured modification should Garden of the offer Should Garden accept the offer? will not income increase or decrease? By how much Choose from any stot enter any number in the intente in the
