Ibsen Company makes two products from a common input. Joint processing costs up to the split$-$off point total $$43,000$ 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:

$$Product XProduct YTotalAllocated joint processing costs$ $25,800$$ $17,200$$ $43,000$Sales value at split$-$off point$ $30,000$$ $20,000$$ $50,000$Costs of further processing$ $23,000$$ $17,300$$ $40,300$Sales value after further processing$ $48,200$$ $55,900$$ $104,100$

Required:

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

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

What is financial advantage $($disadvantage$)$ of processing Product Y beyond the split$-$off point?

What is the minimum amount the company should accept for Product X if it is to be sold at the split$-$off point?

What is the minimum amount the company should accept for Product Y if it is to be sold at the split$-$off point?