Jody's Cupcake Shop and Chloe's Cakes each operate a bakery close to each other in a small town in Flonda If Jody rents ovens on her own, & will cost $42,000 if Chice rents ovens on her own, it will cost $54.000 if they consolidate baking operations and share ovens, the total cost will be $80,000 Read the reautements Requirement 1. Calculate Jody's and Chloe's respective cost of the shared ovens under the stand-alone cost-allocation method Stand-alone Jody Chloe Requirements 4 1. Calculate Jody's and Chloe's respective cost of the shared ovens under the stand-alone cost alocation thethod 2. Calculate Jody's and Chloe's respective cost of the shared ovens using the incremental cost-allocation method assuming (a) Jody is the primary party and th) Chloe is the primary party 3. Calculate Jody's and Chloe's respective cost of the shared ovens using the Shapley value method 4 Which method would you recommend Jody and Chice une to share the cost of the ovens? Why? Print Done