Prescott Lumber processes logs into grade A and grade Blumber Logs cost $20,000 per load. The milling process produces 3.000 units of grade A with a market value of $56,000, and 12,000 units of grade B with a market value of $8,000. The cost of the milling process is $6,000 per load. Required: a. If the costs of the logs and the miling process are allocated on the basis of units of output, what cost will be assigned to each product? b. If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to c-1. How much profit or loss does the grade Blumber provide using the data in this problem and your analysis in requirement (1? c-2. Is it really possible to determine which product is more profitable? Complete this question by entering your answers in the tabs below. Red A Rego Req CI Req C2 If the costs of the logs and the milling process are allocated on the basis of units of output, what cost will be assigned to each product? (Do not round Intermediate calculations.) Cost Allocation Grado A Grade B Prescott Lumber processes togs into grade A and grade Blumber. Logs cost $20,000 per load. The milling process produces 3.000 units of grade A with a market value of $56.000, and 12.000 units of grade B with a market value of $8.000. The cost of the milling process is $6,000 per load. Required: a. If the costs of the logs and the milling process are allocated on the basis of units of output, what cost will be assigned to each product? b. If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to each product? 0-1. How much profit or loss does the grade Blumber provide using the data in this problem and your analysis in requirement (a)? c-2. Is it really possible to determine which product is more profitable? Complete this question by entering your answers in the tabs below. Reg Reg 13 Reg CI Reg 2 If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to each product? (Do not round Intermediate calculations.) Cost Allocation Grade A Grade B Reg A Reg C1 > Prescott Lumber processes logs into grade A and grade Blumber Logs cost $20,000 per load. The milling process produces 3,000 units of atade A with a market value of $56,000, and 12,000 units of grade 8 with a market value of $8,000. The cost of the milling process is $6,000 per load. Required: a. If the costs of the logs and the milling process are allocated on the basis of units of output. what cost will be assigned to each product? b. If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to c-1. How much profit or loss does the grade Blumber provide using the data in this problem and your analysis in requirement (? c-2. Is it really possible to determine which product is more profitable? Complete this question by entering your answers in the tabs below. Reg A Reg B Reqci Reg C2 How much profit or loss does the grade Blumber provide using the data in this problem and your analysis in requirement (a)? (Do not round Intermediate calculations.) Prescott Lumber processes logs into grade A and grade Blumber Logs cost $20,000 per load. The milling process produces 3.000 units of grade A with a market value of $56,000, and 12,000 units of grade B with a market value of $8.000. The cost of the milling process is $6,000 per load Required: a. If the costs of the logs and the milling process are allocated on the basis of units of output, what cost will be assigned to each product? b. If the costs of the logs and the milling process are allocated on the basis of the net realizable value, what cost will be assigned to c-1. How much profit or loss does the grade Blumber provide using the data in this problem and your analysis in requirement (0)? c-2. Is it really possible to determine which product is more profitable? Complete this question by entering your answers in the tabs below. Req A Red B ReqC1 Reg C2 Is it really possible to determine which product is more profitable? Yes ONO