TB MC Qu. 17-65 Kingston Specialty Corporation manufactures... Kingston Specialty Corporation manufactures joint products P and Q. During a recent period, joint costs amounted to $99,000 in the production of 40,000 gallons of P and 80,000 gallons of Q. Kingston can sell P and Q at split-off for $4.00 per gallon and $4.60 per gallon, respectively. Alternatively, both products can be processed beyond the split- off point, as follows: P Separable processing costs $31, 000 $51, 000 Sales price (per gallon) if processed beyond split-off 3 S The joint cost allocated to Q under the relative-sales-value method would be: (Do not round intermediate calculations.) Multiple Choice O $35,012. O $69,000. O $72,000. O $73,600. O None of the answers is correct.TB MC Qu. 16-36 A new asset is expected to provide service over the next... A new asset is expected to provide service over the next four years. It will cost $530,000, generates annual cash inflows of $188,000, and requires cash operating expenses of $40,000 each year. In addition, a $20,000 overhaul will be needed in year 3. FV of 1 FV of a series of $1 PV of $1 PV of a series of $1 Period (i = 98) cash flows (i = 98) (i = 98) cash flows (i = 98) 1 1. 090 1. 000 0. 917 0. 917 1. 188 2 . 090 0. 842 1. 759 .WN 1. 295 3.278 0. 772 2. 531 1 . 412 4.573 0. 708 3. 240 If the company requires a 9% rate of return, the net present value of this machine would be: Multiple Choice O $(65,920), and the machine meets the company's rate-of-return requirement. O $(65,920), and the machine does not meet the company's rate-of-return requirement. O $(70,480), and the machine does not meet the company's rate-of-return requirement. O $(94,660), and the machine meets the company's rate-of-return requirement. O None of the answers is correct