Question: Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run

 Allocating Joint Costs Using the Constant Gross Margin Method A company
manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each

Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $13,000. None of the products can be sold at split-off, but must be processed further Information on one bstch of the three products is as follows: Required: 1. Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze. 2. Allocate the joint cost to L-Ten, Thol, and Ploze using the constant gross mergin percentage method, Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar. 2. Allocate the joint cost to L-Ten, Triol, and Ploze using the constant gross margin percentage method. Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar. (Note: The joint cost allocation does not equal due to roundingi) 3. What if it cost $2.00 to process each galion of Triol beyond the spit-off point? How would that affect the allocation of joint cost to these three procucts? Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar

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