Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $395,000 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 seling prices and total output at the split-off point are as follows: Quarterly Selling Price Output $29.00 per pound 14,800 pounds 5 23.00 per pound 23,000 pounds c $ 35.00 per gallon 6,000 gallons Product Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unlt selling prices after further processing are given below: Additional Processing Selling Product Coats Price 594,800 $35.00 per pound $137.500 $30.00 per pound $ 65,200 544.00 per gallon B C Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which productor 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) of further processing each of the three products beyond the split-off point? (Enter disadvantages as a negative value.) Product A Product Product Financial advantage (disadvantage of further processing Complete this question by entering your answers in the tabs below. Required Required 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Product A Product B Product C Soil at split-off point? Process further? Required 1 Hepared