Exercise 82 BZ is in the food processing industry. A typical product range involves 3 joint products manufactured in fixed proportions by a common process which are subsequently refined by independent further processes. The following table gives information for a typical month's activity: Common costs incurred prior to separation are RM144,000 in the month. REQUIRED: (a) Assuming that common costs are apportioned on the basis of weight, determine the profit or loss which would be disclosed for each of the refined products in this month. (b) Determine whether it would be beneficial to sell any product before the further process of refinement and briefly interpret your recommendations. (c) Comment briefly on the relevance of common costs in decision-making situations. Exercise 82 BZ is in the food processing industry. A typical product range involves 3 joint products manufactured in fixed proportions by a common process which are subsequently refined by independent further processes. The following table gives information for a typical month's activity: Common costs incurred prior to separation are RM144,000 in the month. REQUIRED: (a) Assuming that common costs are apportioned on the basis of weight, determine the profit or loss which would be disclosed for each of the refined products in this month. (b) Determine whether it would be beneficial to sell any product before the further process of refinement and briefly interpret your recommendations. (c) Comment briefly on the relevance of common costs in decision-making situations