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**I am unsure how to calculate the last part of the question!! Please help!! Novak, Inc. produces three separate products from a common process costing
**I am unsure how to calculate the last part of the question!! Please help!!
Novak, Inc. produces three separate products from a common process costing $100,100. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. The cost and selling price data for a recent period are as follows: Sales Value at Split-Off Point $50,400 10,100 60,100 Sales Value after Further Processing $189,300 34,600 219,700 Cost to Process Further $100,100 29,000 150,000 Product 12 Product 14 Product 16 Your answer is correct. Determine the total net income if all products are sold at the split-off point. Total net income 20500 e Textbook and Media Your answer is correct. Determine the total net income if all products are sold after further processing. Total net income $ 64400 Your answer is correct. Using incremental analysis, determine which products should be sold at the split-off point and which should be processed further. (If an amount reduces the net income then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) Incremental Profit/(Loss) Decision Product 12 38800 Should be processed further Product 14 A (4500) Should be sold at the split-off point Product 16 9600 Should be processed further X Your answer is incorrect. Determine the total net income using the results from the previous part of the question. Total net income 43900Step by Step Solution
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