Siput manufactures chemicals Alpha, Beta and Gamma from a joint process. Each chemical can be liquified and sold for a higher price. Data on the process is: Product Units produced Alpha 32,000 Beta Gamma Total 16,000 8,000 Joint costs RM180,000 (b) (a) 56,000 RM360,000 Sales value at split-off (c) (d) 90,000 RM600,000 Additional costs to liquify RM 42,000 30,000 18,000 Sales value if liquified RM420,000 180,000 120,000 90,000 720,000 Required: a) Discuss the appropriate allocation base and calculate the value for each lettered item. (7 marks) b) Discuss how do businesses use cost volume profit (CVP) analysis in profit determination? Explain the break-even point in relation to CVP and the movement of the break-even when the variable and fixed costs changes. Explain the weaknesses of break-even analysis. (13 marks)