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Myron Chemical produces 2 products from a shared production process: cleansers and solvents. Up to the split-off point for these 2 products, the joint costs

Myron Chemical produces 2 products from a shared production process: cleansers and solvents. Up to the split-off point for these 2 products, the joint costs associated with their shared processes total $5 million per year. Cleansers generate $18 million in annual revenue, and solvents generate $12 million in annual revenue. The company allocates joint costs to the 2 products on the basis of their relative sales value. 1. The amount of joint costs allocated to cleansers is $ million per year. 2. The amount of joint costs allocated to solvents is $ million per year.

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