Problem 7-14 (Part Level Submission)

Good Earth Products produces orange juice and candied orange peels. A 1,000-pound batch of oranges, costing $540, is transformed using labor of $50 into 110 pounds of orange peels and 290 pints of juice. The company has determined that the sales value of 110 pounds of peels at the split-off point is $350, and the value of a pint of juice (not pasteurized or bottled) is $0.4. Beyond the split-off point, the cost of sugar-coating and packaging the 110 pounds of peels is $70. The cost of pasteurizing and packaging the 290 pints of juice is $250. A 110-pound box of candied peels is sold to commercial baking companies for $580. Each pint of juice is sold for $1.52.

Allocate joint costs using the relative sales values at the split-off point, and calculate the profit per 110-pound box of sugar-coated peels and the profit per pint of juice. (Round profit per pint of juice to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 5,725. Round intermediate calculations to 4 decimal places, e.g. 0.6254.)

Allocation of joint costs to sugar-coated peels	$?
Allocation of joint costs to juice	$?
Profit per 110-pound box of sugar-coated peels	$?
Profit per pint of juice	$ ?