NE Flour Company buys 1 input of standard flour and refines it using a special sifting process to 3 cups of baking flour and 9 cups of bread flour. In May 2017, NE bought 11,400 inputs of flour for $91,000. NE spent another $48,000 on the special sifting process. The baking flour can be sold for $3.65 per cup and the bread flour for $4.95 per cup. NE puts the baking flour through a second process so it is super fine. This costs an additional S1 per cup of baking flour and the process yields cup of super-fine baking flour for every one cup of baking flour used. The super-fine baking flour sells for $9.60 per cup. X Required 1. Allocate the $139,000 joint cost to the super-fine baking flour and the bread flour using the following: a. Physical-measure method (using cups) of joint-cost allocation b. Sales value at splitoff method of joint-cost allocation C. NRV method of joint-cost allocation d. Constant gross-margin percentage NRV method of joint-cost allocation 2. Each of these measures has advantages and disadvantages; what are they? 3. Some claim that the sales value at splitoff method is the best method to use. Discuss the logic behind this claim