Question: Allocating Jaint Conts Using the Constant Gross Margin Method A company manufactures theree Information on one batch of the three products is as follows: products,
Allocating Jaint Conts Using the Constant Gross Margin Method A company manufactures theree Information on one batch of the three products is as follows: products, L-Ten, Triol, and Ploze, from a joint process. Each production run costs $13,000. None of the products can be sold at split off, buit must be processed further Further Processing Cost per Gallon Product L-Ten Triol Ploze2,600 Required: 1. Calculate the total revenue, total costs, and totail gross profit the company will earn on the sale of Li-Ten, Triol, and Ploze Eventual Market Price per Gallon $2.00 5.00 6.00 Gallons 3,400 4,000 $0.50 1.00 1.50 otal Revene Total Costs Total Gross Profit 42,400 22,600 19,800
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