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

Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three 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, but must be processed further. Information on one batch of the three products is as follows: Required: 1. Calculate the total revenue, total costs, and total gress proft the company will earn on the sale of L-Ten, Triol, and Prore. 2. Allocate the joint cont to L-Ten, Thol, and Pioxe using the constant grous murgin petcentage method, Round the gross margin percentage to four decimal places and round all other computations to the noarest dollar. 2. Allocate the joint cost to L-Ten, Triol, and Pioze using the constant gross margin percentage method, Round the gross margin percentage to four decimal place and round all other computations to the nearest dollar. 3. What if it cost $2.00 to process each galion of Troi beyond the split-off point? How would that affect the allocation of joint cost to these three products? Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar. i)

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