Kardash Cosmetics purchase flowers in bulk and processes them into perfume. From a certain mix of petals, the firm uses Process A lo generate Seduction, its righ-grade perfume, as well as a certain residue. The residue is then further treated using Process is to yield Romance a medium grade perfume. An ounce of residue typically vields an ounce of Romance In July, the company wed 25.000 pounds of petals. Costs involved in Process A Le reducing the petals to Seduction and the reside, were Direct Materiais - $440,000: Direct Labor - $220,000; Overhead Costs - $110,000 The additional costs of producing Romance in Process were Direct Materials - $22.000 Direct Libor - $50,000 Overhead Conte - $40,000 During July, Process Ayielded 7.000 ounces of Seduction and 49,000 ounces of residue. From this, 5.000 ounces of Seduction were packaged and sold for $10.50 an ounce Aho, 20,000 cunces of Romance were processed in Process and the packaged and sold for $31.50 an ounce. The other 21,000 ounces remaneres de Packaging costs incurred were $137.500 for Seduction and $196,000 for Romance. The firm has no beginning inventory on July 1 o desired, the form could have sold unpackaged Seduction for $56 an ounce and the residue from Process for an ounce Required 1. What is the joint cost of the form to be allocated to Seduction and Romance? 2. Under the physicare method tow would the joint costs be located to Seduction and Romance 3. Under the seat of method, what portion of the Joint costs would be allocated to Seduction and Romance respectively 4. What is the estimated net reliable value per ounce of Seduction and Romance? Under the most restable value method, what portion of the Joint costs would be allocated to Seduction and Romance, respectively What is the posmarin percentage for the firm as a whole 7. Allocate the Joint costs to Seduction and romance under the constant sous-marin percentage NRV method You were the manager of Kardash Cosmetics, would you continue to process the petal reside into Romance perfume? Explain your