Iaci Company makes two products from a common input. Joint processing costs up to the split-off point total $42,000 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below:

Required:

1. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point? Show your work.
2. What is the net monetary advantage (disadvantage) of processing Product Y beyond the split-off point? Show your work.
3. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?
4. What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point?