Q.7. Saad Company produces three products jointly. During May, joint costs totaled Rs. 200,000. The following individual product information is available: Product C Product L Product T Production 15,000 10,000 20,000 Sales units 13,000 9,000 10,000 Unit sales price Rs. 20.00 Rs. 15.00 Rs. 9.50 Separable processing cost Rs. 75,000 Rs. 25,000 Rs. 40.000 Required: 1) Compute the May gross profit for each product and in total, using the market value allocation method. 2) A customer has offered to buy all of Product T output at the split-off point for Rs. 7 per unit. Advise the company's management