PLEASE SHOW CALCULATIONS FOR EACH: a) What is the Gross Margin as a % of sales used to allocate the joint costs using Constant Gross Margin Net Realizable Value method to PremiumWood? A.33.33% B.50.00% C.63.00% D.68.75% E.82.14%

b) How much of the joint cost should be allocated to PremiumWood based on Constant Gross Margin Net Realizable Value method? A. 1,560 B. 1,860 C. 2,110 D.2, 680 E. None of the above For Part c and d , assume that only the PremiumWood and 2nd GradeWood are joint products, and the Sawdust and Watewood are byproducts. c) The joint cost allocated to PremiumWood based on Sales Value at Cut-off method is closest to: A. 1,610 B.1, 790 C. 1,830 D. 1,880 E. 2,000 D) How much of the joint cost should be allocated to Sawdust based on Constant Gross Margin Net Realizable Value method? A. 128 B.500 C. 510 D. 560 E. None of the above

A sawmill processes raw lumber at a cost of $5,100 per tree. At the cut-off point, each tree is harvested into PremiumWood and 2nd GradeWood. As well, the process also produces Sawdust and Wastewood. The weight (in tons) and sales value of each of these items at cut-off is as follows