Ibsen Company makes two products from a common input. Joint processing costs up to the split-off point total $48,500 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below:

Required:

1. What is financial advantage (disadvantage) of processing Product X beyond the split-off point?

Note: Negative amount should be indicated by a minus sign.

1. What is financial advantage (disadvantage) of processing Product Y beyond the split-off point?
2. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?
3. What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point?

\begin{tabular}{lrrr} & Product X & Product Y & Total \\ Allocated joint processing costs & $29,100 & $19,400 & $48,500 \\ Sales value at split-off point & $30,000 & $20,000 & $50,000 \\ Costs of further processing & $24,800 & $19,100 & $43,900 \\ Sales value after further processing & $49,000 & $59,500 & $108,500 \end{tabular} \begin{tabular}{|l|l|l|} \hline a. & & \\ \hline b. & & \\ \hline c. & Minimum acceptable amount & \\ \hline d. & Minimum acceptable amount & \\ \hline \end{tabular}