7. Freda Ltd. produces two products from a joint manufacturing process. The joint manufacturing process costs !500,000 and yields 2,500 litres of product Jack and 10,000 litres of product Jill. It is company policy to allocate joint processing costs to products using the physical measures method. Both products must undergo further processing past the split-off point before they can be sold, costing !600 per litre of Jack and !400 per litre of Jill. The selling price per litre is: Jack !2,500 and Jill !2,000. What is the profit from the output of product Jack? a) !4,500,000 b) !4,750,000 c) !6,150,000 d) none of the above