You were recently appointed as the management accountant of PaintMe $($Pty$)$ Ltd$($PaintMe$).$ The entity operates a joint process to manufacture specialised paintsnamely Mellow and Sleazy, using only one type of raw material.In January $2024$ material usage amounted to $32000$ kg at a total cost of R$725000.$Conversion costs $($Joint cost$)$ amounted to R$580000$ and the output was as follows: Mellow $-10000$ kgs and Sleazy $-30000$ kgs The output of Sleazy is sold at R$60$ per kg without further processing, but the outputof Mellow was processed further at a conversion cost of R$18$ per kg$.$ The Mellowproduct is sold for R$30$ per kg$.$PaintMe presently apportions joint costs to the products according to the weight ofoutput at the split$-$off point.The managing director has suggested that, in order to save costs, it may be advisableto discontinue all sales of Mellow.Additional informationAssume that a unit of paint produced equals $1$ kg$.1.$ Calculate the profit or loss per kg of the products Mellow and Sleazyrespectively, according to the existing joint cost allocation basis. $2.$ Calculate the profit or loss per kg of the products Mellow and Sleazy respectively, according to the market value at split$-$off point