Ibsen Company makes two products from a common input. Joint processing costs up to the split$-$off point total $$40,500$ 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:

$\backslash$table$[[,$Product $x,$Product Y$,$Total$],[$Allocated joint processing costs,$$16,200,$$$24,300,$$$40,500$