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S Company produces 3 joint products XYZ from one input. The products can be sold at the split-off point or processed further. The joint production cost for the month, allocated among the products based on the relative physical volume of output are as follows:
Materials 150,000Labor 30,000Factory overhead 20,000Total joint cost 200,000 Additional information about the three products are given in the following:
Unit Sales Price
Products Production in units At split off If processed further Additional Processing Cost X 5,000 80 100 15Y 3,000 45 60 20Z 2,000 60 75 10 Problem 1: How much is the total gross profit if the company took the most profitable action with respect to the three products?
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