Tasty Foods produces two types of microwavable products beef flavoured ramen and shrimp flavoured ramen. The two products share common inputs such as noodles and spices. The production of ramen results in a washe product referred to as stock, which Tasty dumps at negligible costs in a local drainage area In June 2018, the following data were reported for the production and sales of beef flavoured and shring-favoured ramen (Click the icon to view the production and sales data) Due to the popularity of its microwavable products, Tasty decides to add a new line of products that targets dieters. These new products are produced by adding a special ingredient to dilute the original camen and are to be sold under the names Special B and Special S, respectively The monthly data for all the products follow (Click the icon to view the monthly data for all products.) Required Requirement 1a. Calculate Tasty's gross margin percentage for Special Band Special S using the sales value at spiltof method Begin by entering the amounts in the table and allocate the joint costs. (Enter the weightings to two decimal places. Round the joint costs allocated to the nearest wholed) Sales value at splitoff: Sales value of total production at spliff Weighting Joint costs allocated Special B Beef Ramen Special S Shrimp Rament Total Production and sales data Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) Joint Costs $ 320,000 Beef Shrimp Ramen Ramen Beginning inventory (tonnes) 0 0 Production (tonnes) 14,000 19,000 Sales (tonnes) Selling price per tonne 14,000 19,000 6 5 $ 25 Print Done - X Monthly data for all products Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) Separable costs of processing 14,000 tonnes of beef ramen into 20,000 tonnes of Special B Separable costs of processing 19,000 tonnes of shrimp ramen into 24,000 tonnes of Special S Beginning inventory (tonnes) Production (tonnes) Transfer for further processing (tonnes) Joint Costs Special B Special S $ 320,000 $ 120,000 $ 216,000 Beef Shrimp Ramen Ramen Special B Special S 0 0 0 0 14,000 19,000 20,000 24,000 14,000 19,000 Print Done 1. Calculate Tasty's gross margin percentage for Special B and Special S when joint costs are allocated using: a. Sales value at splitoff method b. Physical measure method c. Net realizable value method 2. Recently, Tasty discovered that the stock it is dumping can be sold to cattle ranchers at $3 per tonne. In a typical month with the production levels shown above, 4,500 tonnes of stock are produced and can be sold by incurring marketing costs of $10,000. Sally Dong, a management accountant, points out that if the stock is treated as a joint product and the sales value at splitoff method is used, the stock product would lose about $4,235 each month, so it should not be sold. How did Dong arrive at that final number, and what do you think of her analysis? Should Tasty sell the stock