McKenzie's Soap Sensations, Inc., produces hand soaps with three different scents: morning glory, snowflake sparkle, and sea breeze. The soap is produced through a joint production process that costs $30,000 per batch. Each batch produces 14,800 bottles of morning glory hand soap, 12,000 bottles of snowflake sparkle hand soap, and 10,000 bottles of sea breeze hand soap at the split-off point. Each product is processed further after the split-off point, but the market value of a bottle of any of the flavors at this point is estimated to be $1.25 per bottle. The additional processing costs of morning glory, snowflake sparkle, and sea breeze hand soap are $0.50, $0.55, and $0.60 per bottle, respectively. Morning glory, snowflake sparkle, and sea breeze hand soap are then sold for $2.00, $2.20, and $2.40 per bottle, respectively. Instructions 1. Using the net realizable value method, allocate the joint costs of production to each product. 2. *Explain why McKenzie's Soap Sensations, Inc., always chooses to process each variety of hand soap beyond the split-off point. (2 Points in your total of 10). 3. * If demand for all products was the same, which product should McKenzie's Soap Sensations, Inc., produce in the highest quantity? (2 Points in your total of 10). Problem 2: 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. Instructions 1. Using the physical units method, allocate the joint costs of production to each product. 2. Using the weighted average method, allocate the joint costs of production to each product 3. * Is the cost of the type of fertilizer required by each type of rose a good weight factor? (2 Points in your total of 10). *When you submit the Excel file, make sure to answer the 3 reflection questions identified above with an *