1) Answer the following: Al-Maha Oil company produced three products at a joint cost of OMR 210,000. These products were processed further and sold as follows: Oil (products) Sales (OMR) Additional processing cost (OMR) Super 530,000 190,000 Fine 290,000 150,000 Regular 100,000 75,000 The company has an opportunity to sell at split off point directly to other processors. If that alternative had been selected, sales would have been Super OMR 195,000, Fine OMR 140,000 and Regular OMR 60,000 The company expects to operate at the same level of production and sales in the forthcoming year. Consider all the available information, and assume that all costs incurred after split-off are variable A) Could the company increase operating income by altering its processing decision? B) Which products should be processed further and which should be sold at split-off point? C) How much will be the total gain of Al-Maha Oil company? ***The End