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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint...

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Accounting

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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $98,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows Quarterly Output 11,000 pounds 16,000 pounds 5,000 gallons Product Selling Price $5 per pound $ 6 per pound $13 per gallon Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs $ 43,000 $ 38,000 $ 11,750 Product Selling Price $ 7 per pound $ 10 per pound S16 per gallon

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