[Note) To answer next 4 questions that require joint cost allocations, refer to the following information (this same data will appear on each screen of the related question!): Sawmill, Inc. processes wood pulp into three grades of plywood: Hardwood, Softwood, and Decorative. Each grade of plywood may be sold as is at the split-off point or processed further to a higher grade of product, with the price and cost information shown below. The joint processing cost to get the wood pulp to split-off is $16,000. Sawmill, Inc. desires to maximize its profit by making an optimal "sell-or-process-further" decision for each grade of plywood, and also allocate its joint costs according to such decisions. Selling price Cost after Selling price Board-feet per board-feet split-off per board-feet Product produced at split-off (per board-feet) after split-off Hardwood 2,500 $5.5 $2.0 $8.0 Softwood 3,000 3.0 1.5 5.0 Decorative 4,500 7.0 3.5 10.0 What would be the Gross Margin as a % of Sales Revenue computed for each joint product if the company used the Constant Gross Margin % method (Round numbers to 4 decimal places if needed & choose the closest value to your answer!)? 48.44% 61.65% 68.44% 75.94% [Note] To answer next 4 questions that require joint cost allocations, refer to the following information (this same data will appear on each screen of the related question!): Sawmill, Inc. processes wood pulp into three grades of plywood: Hardwood, Softwood, and Decorative. Each grade of plywood may be sold as is at the split-off point or processed further to a higher grade of product, with the price and cost information shown below. The joint processing cost to get the wood pulp to split-off is $16,000. Sawmill, Inc. desires to maximize its profit by making an optimal "sell-or-process-further" decision for each grade of plywood, and also allocate its joint costs according to such decisions. Selling price Cost after Selling price Board-feet per board-feet split-off per board-feet Product produced at split-off _(per board-feet) after split-off Hardwood 2,500 $5.5 $2.0 $8.0 Softwood 3,000 3.0 1.5 5.0 Decorative 4,500 7.0 3.5 10.0 How much joint cost would be allocated to Softwood plywood if the Sales Value at Split-Off method was used (Round numbers to 4 decimal places if needed & choose the closest value to your answer!)? $2,654.4 O $3,000.0 $2,947.2 $3,609.6