Processing beyond split-off and cost allocations All-A-Buzz makes three products from a joint production process using honey. Joint cost for the process for the year is $271,040. Price Per Unit Incremental Units of Selling Price Processing Final Sales Product Output at Split-Off Cost Honey butter 22,000 4.00 $3.00 $6.00 Honey jam 44,000 6.40 4.00 14.00 Honey syrup 2,200 3.00 0.40 3.60 Each container of honey butter, jam, and syrup, respectively, contains 16 ounces, 8 ounces, and 3 ounces of product. a. Determine which products should be processed beyond the split-off point. Process Further? Honey butt Honey jam Honey syr Yes b. Assume approach, a No be treated as a by-product. Allocate the joint cost based on (1) units produced, (2) weight, and (3) sales value at split-off. Use the net realizable value it revenues reduce joint production costs. (1) joint cost allocated based on units produced 0 Honey butter $ Honey jam Total $ 0 0 (2) joint cost allocated based on weight Honey butter $ Honey jam Total 0 0 0 $ (3) joint cost allocated based on sales value at split-off Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. Honey butter $ Honey jam 0 0 0 Total