Chapter 13 Homework Seved 7. Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $360,000 per quarter. For financial reporting purposes, the company allocates these costs to the Joint products on the basis of their relative sales value at the split-off point Unit selling prices and total output at the split-off point are as follows: 074 points Product Selling Price $ 22.00 per pound $16.00 per pound $28.00 per gallon Quarterly Output 13,400 pounds 20,900 pounds 4.600 gallons Each product can be processed further after the split off point. Additional processing requires no special facilities. The additional processing costs (per quarter and unit selling prices ofter further processing are given below: Additional Processing Belling hodet $22.30 per pound 5109,395 922.30 pet pound 340,200 916.30 perllon Cout $ 75,970 Pele c Required: 1. What is the financial advantage disadvantage of further processing each of the three products beyond the role off point? 2. Based on your analysis in requirements, which product or products should be sold at the spin-off point and which product or products should be processed further? Complete this question by entering your answers in the tabs below. Hequired Chapter 13 Homework Saved 7 $ 75,970 $109,395 $ 48,260 $27.30 per pound $22.30 per pound $36.30 per gallon 0.74 points Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point a products should be processed further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the financial advantage (disadvantage) or further processing each of the three products bqyond the split-on (Enterdisadvantages" as a negative value.) Product B Product C Financial advantage (disadvantage) ot further processing Required 2 > Product A