Joint cost allocation Rosie's Roses produces three colors of roses: red, white, and peach. The roses are produced jointly in the same garden, and aggregately cost a total of $110 per harvest. One harvest produces 80 red roses, 70 white roses, and 50 peach roses. Rosie also noted that the peach roses require a fertilizer that is twice as expensive as the fertilizer required by the white and red roses. However, due to the structure of the shared garden space, the more expensive fertilizer is used for all flower types in a joint production process. 1. Using the physical units method, allocate the joint costs of production to each product. Round your answers to two decimal places. Joint Product Roses per Harvest Red roses White roses Peach roses Proportion Joint Costs Allocation Totals 2. Using the weighted average method, allocate the joint costs of production to each product. Round your answers to two decimal places. Weighted Roses Joint Product Roses per Harvest Weight Factor of Fertilizer Weighted Percent of Fertilizer Joint Costs Allocation Red roses % White roses Peach roses % Totals 3. Is the cost of the type of fertilizer required by each type of rose a good weight factor? Joint Product Roses Weight Weighted Roses Weighted Percent Joint per Harvest Factor of Fertilizer of Fertilizer Costs Allocation Red roses % % % White roses Peach roses Totals 3. Is the cost of the type of fertilizer required by each type of rose a good weight factor? The cost of the type of fertilizer required by each type of rose may be a good weight factor, if fertilizer is cost of the joint production process.