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Use the following information for the next TWO questions. Information about three joint products follows. Selling Price per Pound at Split-off Additional Processing Costs per

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Use the following information for the next TWO questions. Information about three joint products follows. Selling Price per Pound at Split-off Additional Processing Costs per pound after Split-off (All variable) $10 $10 Selling Price per Pound after Further Processing Anticipated Production A 7,000 lbs B 8,000 lbs C 12,000 lbs $24 $35 $13 $ 8 $20 $10 The cost of the joint process is $70,000. 14. Which of the joint products should be sold at split-off? a. A b. B c. C d. A and B e. B and C 15. If the firm is currently processing all three products beyond split-off, grass profit would be: a. $257,000. b. $298,000. c. $327,000 d. $368,000 e. ($111.000)

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