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PART-B 10.50 MARKS Variable Products Co. produces 3 products from a $4,500 joint process. These products can be processed further to form another set of 3 products. There are markets for all of the products. Data for the current period are: Instructions: 1.75 Marks Each 1. What is the net income if the best product mix is chosen? 2. If there was no market for B at the split-off point, should it be processed further? 3. If an A could be processed directly, at no cost, into a C, at what opportunity cost should A be valued for purposes of making this decision? 4. Referring to question 3 above, should A be processed into C ? Why or why not? 5. Assume that C can be processed directly into an X. If the firm is not to be any worse off as a result, the cost of processing should not exceed how much? 6. Assume that A can be processed into Z at a cost of $5,250. If the sales value of Z is stable, to what level would the price of X have to fall before the firm is justified in taking this course of action