A company manufactures two joint products at a joint cost of $1,000. These products can be sold when split off or when further processed at an additional cost and sold as higher quality items.

The decision to sell at split-off or after further processing should be based on the: pg52 a Assumption that the $1,000 joint cost is irrelevant b Allocation of the $1,000 joint cost using the relative sales value approach c Assumption that the $1,000 joint cost must be allocated using a physical measure approach d Allocation of the $1,000 joint cost using any equitable and rational allocation basis.