Quick Systems Inc produces three products T, U, V. Each product can be sold at split off: T ($6 per unit), U ($6.50 per 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. H 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: Product Units Selling price per Additional Processing unit(after further Cost processing) TT 18,000 $8 $40,000 UU 20,000 $12 $90,000 VV 30,000 $12 $114,000 H 10,000 $2 $5,000 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) Paragraph v B I UVA/ Ev + . . . a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. (6 marks) Product NRV Allocated TT UU VV Total H b. Which products should be processed further beyond splitoff point. (3 marks) Product T U