Time Left:1:58:49 Pranav Mangla: Attempt 1 Previous Page Next Page Page 15 of 16 Question 15 (9 points) Quick Systems Inc produces three products T, U, V. Each product can be sold at split off: T ($8 per unit), U ($10 per unit) and V ($14 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 $5 per unit with additional processing. A is processed at splitoff 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 unit Further processing costs (after further processing) TT 18,000 $21 $42,000 UU 20,000 $14 $90,000 VV 30,000 $18 $66,000 H 10,000 $2 $3,000 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