(a) (Round proportion to 4 decimal places, e.g. 0.2516, allocated joint costs and gross margin to 0 decimal places, e.g. 5,125 and gross margin percentage to 2 decimal places, e.g. 15.25\%.) (b) move forward with this additional processing, or should it continue to sell the low-grade lumber to other manufacturers? The company process the low-grade lumber further into wood chips. It would be financially by $ if it did process it further. \begin{tabular}{lrl} Joint process costs & $468,000 & (includes timber logs) \\ \hline Quantities produced & 109,000 & board feet of hardwood lumber \\ & 20,000 & board feet of low-grade lumber \\ \hline Sales prices at split-off & $6.80 & per board foot for hardwood lumber \\ & $2.50 & per board foot for low-grade lumber \end{tabular} the mill's bottom line. However, they wonder if they could further process this wood themselves and make even more of a return. (c) If the outlook for low-grade lumber sales to manufacturers changes such that Blossom Sawmill will only be able to sell these low-grade products for $1.75 per board foot at the split-off point, does that change your answer to the wood chip option in part (b)? The company process the low-grade lumber further into wood chips. It would be financially by \$ if it did process it further. (d) If the company had used the physical quantities method instead of the sales value at split-off method for allocating joint costs, how would it have affected your analysis in parts (b) and (c)? (b) The company (c) The company process the low-grade lumber further into wood chips. It would be process the low-grade lumber further into wood chips. It would be financially by $ financially by \$ if it did process it further. if it did process it further