[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 amount of joint cost allocated to Softwood plywood if the Constant Gross Margin % method were used (Round numbers to 4 decimal places if needed & choose the closest value to your answer!)? $9,247.5 O $3,234.0 $1,252.5 O $7,266.0 [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 Decorative plywood if the Net Realizable Value method was used (Round numbers to 4 decimal places if needed & choose the closest value to your answer!)? $8,841.6 $8,547.2 $9,289.6 $7,579.2