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Thank you in advanced Dr M's Chicken soup company produces intermediate products X, Y, and Z from a joint production process involving chicken, vegetables and

Thank you in advanced

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Dr M's Chicken soup company produces intermediate products X, Y, and Z from a joint production process involving chicken, vegetables and broth. Each product may be sold at the split-off point or processed further. Joint production costs of $75,000 per year are allocated to the products based on the relative number of units produced. Data for M's Chicken soup company for last year follow: The company allocates these costs to the joint products on the basis of their total sales value at the split-off point. The additional processing costs and sales value after further processing for each product (on an annual basis) are: Further Sales Value Sales Value at Processing After Further Split-Off Costs Processing Product X $ 300,000 $ 125,000 $ 534,000 Product Y 175,000 $ 210,000 $ 450,000 Product Z $ 295,000 $ 135,000 $ 360,000 Required: a. What is financial advantage (disadvantage) of processing Product X beyond the split-off point? b. What is financial advantage (disadvantage) of processing Product Y beyond the split-off point? c. What is financial advantage (disadvantage) of processing Product Z beyond the split-off point? d. Which of the three products should be sold as is and which ones are processed further

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