Howard Chemical Company's production process for two of its solvents can be diagrammed as follows: solvent A = 14,000 gallons joint input = 25,000 gallons solvent B = 11,000 gallons split-off point The cost of the joint input, including processing costs before the split-off point, is $315,000. Solvent A can be sold at split off for $22 per gallon and solvent B for $28 per gallon. Requirements 1. Allocate the $315,000 joint cost to solvents A and B by the physical-units method. 2. Allocate the $315,000 joint cost to solvents A and B by the relative-sales-value method. Requirement 1. Allocate the $315,000 joint cost to solvents A and B by the physical-units method. (Round the weighting to two decimal places.) Allocation of Gallons Weighting joint costs Solvent A Solvent B Enter any number in the edit fields and then click Check Answer. Clear All 1 Part remaining Question Help The following table gives sales, product cost, and cost-to-serve data for a company that makes three product lines: A, B, and C. The company has two customer types. E: (Click the icon to view the sales and product cost information.) The cost to serve all customers is $11,600 and is allocated to customer types based on the number of manager visits to customer locations for pre- and post-sales support. Read the requirements. Requirement 1. Complete the following table to determine the gross profit margin percentage of sales for each product. (Round the percentages to the nearest tenth percent, XX%) Product A Product B Product C Total Sales Cost of sales Requirements Gross profit margin Gross profit margin % of sales % % % Data Table 1. Determine the gross profit margin percentage of sales for each product. Which product is the most profitable? 2. Determine the gross profit margin and the gross profit margin percentage of sales for each customer type. 3. Determine the cost-to-serve percentage of sales for each customer type. 4. Determine the operating income and operating income percentage of sales for each customer type. 5. Which customer is the most profitable based the following profitability measures: a. Gross margin b. Gross margin percentage of sales c. Operating income d. Operating income percentage of sales Product A Product B Product C Sales $ 4,600 $ $ 28,000 5,700 4,600 Cost of sales 4,100 13,000 Customer Type 1 Customer Type 2 Total Print Done Product A Sales $ 1,600 $ 3,000 $ 4,600 Product B Sales 1,000 4,700 5,700 ? Enter any number in the edit fie Product C Sales 17,000 11,000 28,000 14 20 6 Manager Visits Check Answer 6 parts remaining