Question 2 (4 points) lowa CornCyclone Inc., purchases corn grains and processes them to produce three products (corn starch, corn syrup and corn gluten). Corn Starch and corn syrup are considered as main products and corn gluten is a by-product. Below is some information from the most recent month: Common Corn Starch Corn Syrup Corn Gluten Price/ton ($) Quantity produced and sold (tons) 750 650 200 1.100 1.600 450 Additional Processing Cost/ton ($) 150 250 0 80 Corn grain cost/ton ($) Corn grains purchased and used (tons) 4,800 Additional Joint Process Costs ($) 100.000 What is the joint cost (i.e. the cost of corn grains used plus additional joint process costs) allocated to the entire corn gluten sold if the firm uses the net realized value method to allocate joint costs to by-products ? (Round to the nearest dollar amount. Please provide only numerical value in the space provided.) Your Answer: Question 3 (4 points) To estimate the relationship between monthly machine maintenance costs (in $) and machine hours, a firm runs a simple regression whose output is as below: Intercept Machine hours Coefficients 145,000 177 P-value 0.02 0.03 For the coming month, the firm is scheduled to run the machine for 540 hours. What is the estimated machine maintenance costs for the coming month? (Round your answer to the nearest dollar amount. Please provide only numerical value in the space provided.) Your