Q5 Icy Company makes two products from a common input. Joint processing costs up to the split-off point total $42,000 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 Allocated joint processing costs $22,400 Sales value at split-off point $32,000 Costs of further processing $11,600 Sales value after further processing $40,800 Product Y $19,600 $28,000 $25,300 $54,200 Total $42,000 $60,000 $36,900 $95,000 Required: a) What is the net monetary advantage (disadvantage) of processing Product X beyond the split- off point? (4 marks) b) What is the net monetary advantage (disadvantage) of processing Product Y beyond the split- off point? (4marks) c) What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point? (1 Mark) d) What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point? (1 mark)