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Problem 2 Budde Chemicals produces two industrial chemical compounds, X and Y through first a joint process and then after split off separate departments. This period Budde produced #10,000 gallons of X and #40,000 gallons of Y and the joint costs of production were $300,000. The after split off cost for X were $120,000 and for Y $80,000. X sells for $40 per gallon and Y for $20 per gallon. Required: Calculate the allocation of the $300,000 of joint costs to X and Y under each of the following: a. Physical Measure Method b. Relative Sales Value Method c.Net Realizable Value Method