Question 4 (Total: 26 marks) Cows Creamery 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: Total Allocated Joint processing costs Sales value at split-off point Costs of further processing Sales value after further processing Gooey Mooey $22,000 $32,000 $11,600 $40,800 Wowie Cowie $19,600 $28,000 $25,300 $54,200 $41,600 $60,000 $36,900 $95,000 Required: 1. What is the net monetary advantage (disadvantage) of processing Gooey Money beyond the split-off point? 2. What is the net monetary advantage (disadvantage) of processing Wowie Cowie beyond the split-off point? 3. What is the minimum amount the company should accept for Wowie Cowie if it is to be sold at the split-off point