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Ibsen Company makes two products from a common input. Joint processing costs up to the split-off point total $51,500 a year. The company allocates these

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Ibsen Company makes two products from a common input. Joint processing costs up to the split-off point total $51,500 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: Product X Product Y Total Allocated joint processing costs $ 30,900 $ 20, 600 $ 51, 500 Sales value at split-off point $ 30, 000 $ 20, 000 $ 50,000 Costs of further processing $ 23, 200 $ 17, 500 $ 40, 700 Sales value after further processing $ 48, 600 $ 56, 300 $ 104, 900 Required: a. What is financial advantage (disadvantage) of processing Product X beyond the split-off point? (Negative amount should be indicated by a minus sign.) b. What is financial advantage (disadvantage) of processing Product Y beyond the split-off point? c. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point? d. What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point? a c. Minimum acceptable amount d. Minimum acceptable amount

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