Please Do not Give image format Required 1 Required 2Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product orproducts should be processed further?Sell at split-off point?Process further?Product AProduct BProduct C Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to thesplit-off point total $340,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products onthe basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows:ProductABCProductABCSelling Price$18.00 per pound$12.00 per pound$24.00 per gallon.Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additionalprocessing costs (per quarter) and unit selling prices after further processing are given below:AdditionalProcessingCosts$ 66,090$ 94,655$ 39,460Quarterly Output12,600 pounds19,700 pounds3,800 gallonsRequired 1Required:1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point?2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product orproducts should be processed further?Selling Price$22.90 per pound$17.90 per pound$31.90 per gallonComplete this question by entering your answers in the tabs below.Required 2What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point?(Do not round your intermediate calculations. Enter "disadvantages" as a negative value.)Product AProduct BFinancial advantage (disadvantage) of further processingProduct C

The incremental analysis is performed to compare the different alternatives of the business. The…

Required 1 Required 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Product A Sell at split-off point? Process further? Product B Product C

Required 1 Required 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which product or products should be processed further? Product A Sell at split-off point? Process further? Product B Product C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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