Iacollia Company makes two products from a common input. Joint processing costs up to the split-off point total $47,600 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 | 23,800 | 23,800 | 47,600 |
| Sales value at split-off point | 34,000 | 34,000 | 68,000 |
| Costs of further processing | 20,900 | 21,800 | 42,700 |
| Sales value after further processing | 53,600 | 60,100 | 113,700
|
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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