Quick Systems Inc produces three products T, U, V. Each product can be sold at split off: T ($6 per unit), U ($6.50 per unit) and V ($7.5 per unit). All three products can be further processed to make TT,UU, and VV. A fourth product, H, is a by-product of the production process. Product H can be sold for $2 per unit with additional processing. H is processed at split-off point. At all times by- products are assigned joint cost based on NRV. During April the joint costs of production were $350,000. Production, additional processing costs, and sales value after additional processing information for the month are as follows: Product Units Selling price per unit(after further processing) 18,000 $8 20,000 $12 30,000 $12 10,000 $2 TT UU VV H Additional Processing Cost $40,000 $90,000 $114,000 $5,000 Required: a. Determine the amount of joint cost allocated to each product if allocation is by NRV of final product. (6 marks) b. Which products should be processed further beyond splitoff point