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please help! 10 Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process.
please help! 10
Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,700. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Required: 1. Calculate the total revenue, total costs, and total gross profit the company will eam on the sale of L-Ten, Triol, and Pioze, 2. Alocate the joint cost to L-Ten, Thol, and Pioze using the constant gross maroin percentage method, Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar. and round alf other computations to the nearest dollar. (Note: The yount cost amocatwen aoes not equal due to roundri-) gross nargin percentage to four decimal places and round all other computations to the nearest dollar Step by Step Solution
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