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Mickey's Hurricane Lamp Oil Company produces both A-1 Fancy and B Grade Oil. There are approximately $7,000 in joint costs that Mickey may allocate using

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Mickey's Hurricane Lamp Oil Company produces both A-1 Fancy and B Grade Oil. There are approximately $7,000 in joint costs that Mickey may allocate using the relative sales value at splitoff or the net realizable value approach. At splitoff, A-1 sells for $21,000 while B grade sells for $49,000. After an additional investment of $19,000 after splitoff, $8,650 for B grade and $10,350 for A1, both the products sell for $52,000. What is the difference in allocated costs for the A1 product assuming applications of the net realizable value and the sales value at splitoff approach? (Round intermediary calculations to four decimal places, answer to the nearest whole dollar.) 1. A-1 Fancy has $1,330 more joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach. 3. A-1 Fancy has $1,830 more joint costs allocated to it under the net realizable value approach than the sales value at sproach. 4. A-1 Fancy has $1,830 less joint costs allocated to it under the net realizable value approach than the sales value at splitoff approach

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