QUESTION 4(10) Mickey Company manufactures three joint products: X, Y, and Z. The cost of the joint process is $30,000. Information about the three products follows: I NI Anticipated production 5,600 lbs. 10.000 1bs. 2.500 1bs. Selling price/lb. at split-off $2.00 $1.00 $3.00 Additional processing costs/1b. after split-off (all variable) $1.50 $1.25 $. 75 Selling price/lb. after further processing $2.50 $3.75 $6.25 Allocated joint costs $12.000 $10.500 $7.500 Required: Determine whether each product should be sold at split-off or processed further.(6) I, m Determine the firm's income if the firm processed all three products beyond split-off. Should they do this? Explain your answer. (4)