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Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $178,700 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. SpockUhuraSuluSalesValueatSplit-OffPoint$210,700301,000454,000AllocatedJointCosts$39,40059,30080,000CosttoProcessFurther$110,40084,700249,700SalesValueofProcessedProduct$300,400400,700800,700 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) \begin{tabular}{cccc} & Spock & Uhura & Sulu \\ Incremental profit (loss) & $ & $ & \\ \hline & & $ & \\ \hline \end{tabular} Indicate whether each of the three joint products should be sold as is, or processed further. Spock Uhura Sulu
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