The Company produces two products which can be sold at split-off point or processed further and sold as superior quality items. The decision to sell the products at split-off point or process them further is normally based on the: *

allocation of the joint cost using an equitable and rational allocation basis

assumption that the joint cost is irrelevant

assumption that the joint cost must be allocated using a quantitative or physical unit method

allocation of the joint cost using the sales value or market value method

All of the above