Quick Systems Inc produces three products T, U, V. Each product can be sold at split off: T (\$6 per unit), U (\$20per unit) and V (\$7.5 per unit). All three products can be further processed to make TT,UU, and VV. A fourth product, H, is a by-product of the production process. Product H can be sold for $2 per unit with additional processing. A is processed at split-off point. At all times by-products are assigned joint cost based on NRV. During April the joint costs of production were $350,000. Production, additional processing costs, and sales value after additional processing information for the month are as follows: Required: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. ( 6 marks) b. Which products should be processed further beyond splitoff point. ( 3 marks) Required: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. ( 6 marks) b. Which products should be processed further beyond split-off point. ( 3 marks) Quick Systems Inc produces three products T, U, V. Each product can be sold at split off: T (\$6 per unit), U (\$20per unit) and V (\$7.5 per unit). All three products can be further processed to make TT,UU, and VV. A fourth product, H, is a by-product of the production process. Product H can be sold for $2 per unit with additional processing. A is processed at split-off point. At all times by-products are assigned joint cost based on NRV. During April the joint costs of production were $350,000. Production, additional processing costs, and sales value after additional processing information for the month are as follows: Required: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. ( 6 marks) b. Which products should be processed further beyond splitoff point. ( 3 marks) Required: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. ( 6 marks) b. Which products should be processed further beyond split-off point. ( 3 marks)