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Iaci Company makes two products from a common input. Joint processing costs up to the split-off point total $51,200 a year. The company allocates these

Iaci Company makes two products from a common input. Joint processing costs up to the split-off point total $51,200 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:

Product X Product Y Total
Allocated joint processing costs $ 19,900 $ 31,300 $ 51,200
Sales value at split-off point $ 24,350 $ 38,350 $ 62,700
Costs of further processing $ 24,400 $ 18,700 $ 43,100
Sales value after further processing $ 48,200 $ 58,700 $ 106,900

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Required a. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point? (Input the amount as a positive value.) Net b. What is the net monetary advantage (disadvantage) of processing Product Y beyond the split-off point? (Input the amount as a positive value.) Net c. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point? Minimum acceptable amount

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