Daylight Dairies Ltd. The dairy takes raw milk and runs it through a separator to produce regular fluid milk and cream. The fluid milk is packaged for retail sales. The cream can be packaged or used to churn butter. Split-off Point Cream Milk Total Quantity - Litres 1,000 9,000 10,000 Net Value per litre $ 2.70 $ 0.90 Joint Costs $ 8,000 If the above cream volume is processed into butter the additional price and cost information is as follows. Butter Output 350 Kgs Packaging, processing, labour $ 1.50 per kg Selling Price $ 9.15 per kg Required: 1. If the joint processing costs are allocated based on the product value at split-off what cost would be allocated to the milk and to the cream? 2. Should the cream be further processed into butter