Joint Production Decisions Grassy Fertilizer manufactures two lines of garden grade fertilizer as part of a joint production process: GF10 and GF20. Joint costs up to the split-off point total $85,000 per batch. These joint costs are allocated to GF10 and GF20 in proportion to their relative sales values at the split-off point of $40,000 and $60,000, respectively. Both lines of garden grade fertilizer can be further processed into commercial grade fertilizer. The following table summarizes the costs and revenue associated with additional processing of GF10 and GF20: (a) The $85,000 in joint costs should be allocated based upon sales value to each product as follows: GF10: GF20: (b) What is the profitability of each product if sold at the split-off point based upon the foregoing relative sales value allocation. GF10: GF20: (c) Do you agree with the allocation of joint costs according the relative sales value of the joint products? Why or why not? (d) Which product (GF10 or GF20) would result in a net decrease in operating income if processed into a commercial grade fertilizer and by how much? ____________ (e) Which product (GF10 or GF20) would result in a net increase in operating income if processed into a commercial grade fertilizer and by how much? ____________