Processing beyond split-off and cost allocations All-A-Buzz makes three products from a joint production process using honey. Joint cost for the process for the year is $123,200. Per Unit Incremental Units of Selling Price Processing Final Sales Product Output at Split-Off Cost Price Honey butter 10,000 4.00 $3.00 $6.00 Honey jam 20,000 6.40 4.00 14.00 Honey syrup 1,000 3.00 0.40 3.60 Each container of honey butter, jam, and syrup, respectively, contains 16 ounces, 8 ounces, and 3 ounces of product. a. Determine which products should be processed beyond the split-off point. Process Further? Honey butter No Honey jam Yes Honey syrup Yes b. Assume honey syrup should be treated as a by-product. Allocate the joint cost based on (1) units produced, (2) weight, and (3) sales value at split-off. Use the net realizable value approach, assuming by- product revenues reduce joint production costs. (1) Joint costs allocated based on units produced Honey butter $ Honey jam Total 39,742 x 79,484 x $ 119,226 x (2) Joint costs allocated based on weigh Honey butter $ Honey jam Total 61,600 x 61,600 x $ 123,200 x (3) Joint costs allocated based on sales value at split-off Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. Honey butter $ Honey jam Total 0x 0x $ 0 x