Problem 7. (3pts) PetToy Products produces two products, A and B, in a single process. In 2009, the joint costs of this process were $25,000. In addition, 4,000 units of A and 6,000 units of B were produced. Separable processing costs beyond the split-off point were A - $10,000; B - $20,000. A sells for $10.00 per unit; B sells for $7.50 per unit. a. What amount of joint costs will be allocated to each product using the physical units method? b. What amount of joint costs will be allocated to each product using the estimated net realizable value method? Problem 8. (3pts) Bond Corporation, which manufactures Products W,X,Y, and Z through a joint process costing $18,000, has the following data for 2006 : What is the amount of joint costs assigned to Product Y using the sales-value-at-split-off method? Problem 9. (3pts) Selected account balances of Morgan Company for 2010 are as follows: a. Were factory overhead costs under-applied or over-applied in 2010? Explain. b. Prepare the journal entry to dispose of the factory overhead balance assuming the amount is immaterial