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Exercise 12-7 Sell or Process Further Decisions [LO12-7] Dorsey Company manufactures three products from a common input in ajoint processing operation. Joint processing costs up to the splitoff point total $350,000 per quarter. For financial reporting purposes, the company allocates these costs to thejoint products on the basis of their relative sales value at the splitoff point. Unit selling prices and total output at the splitoff point are as follows: Quarterly Product Selling Price Output A $ 16 per pound 15, 000 pounds B s 8 per pound 20, 000 pounds C $ 25 per gallon 4,000 gallons Each product can be processed further after the splitoff point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Process ing Selling Product Costs Price A $63,000 $20 per pound B $80,000 $13 per pound C $36,000 $32 per gallon Required: 1. What is the nancial advantage (disadvantage) of further processing each of the three products beyond the splitoff point? 2. Based on your analysis in requirement 1, which product or products should be sold at the splitoff point and which product or products should be processed further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the nancial advantage (disadvantage) of further processing each of the three products beyond the split-off point? (Enter "disadvantages" as a negative value.) Financial advantage (disadvantage) of further processing l I I l