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Question - Icy Company makes two products from a common input. Joint processing costs up to the split-off point total $42,000 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below:
Product X
Product Y
Total
Allocated joint processing costs
$22,400
$19,600
$42,000
Sales value at split-off joint
$32,000
$28,000
$60,000
Costs of further processing
$11,600
$25,300
$36,900
Sales value after further processing
$40,800
$54,200
$95,000
Required -
a) What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point?
b) What is the net monetary advantage (disadvantage) of processing Product Y beyond the split-off point?
c) What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?
d) What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point?
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