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DWS Limited, a chemical firm, manufactures three joint products X, Y, Z and a by-product, W, in a single production process. An input of 25kg of raw materal used in the production process produces 14 units of X, 12 units of Y, 8 units of Z, and 200 units of W. Products X, Y and Z can be ether sold at the split-off pont or processed further. The by-product W is sold at the split-off point without further processing. The budgeted cost for an input of 8 000 kg of raw material for the first quarter of 2022 s as follows: Fixed costs (total)Variable costs Joint costsR106 560R15 per kg nput Further processng costs: XR35 000R12 per unit YR36 000R10 per unit ZR13 000R5 per unit The estimated sellng prices per unt are as follow: ProductNot processed furtherProcessed further XR15.00R30.00 YR11.00R36.00 ZR13.00R20.00 WR1.50NL Assume that there is no opening or cosing nventories: REQUIRED: 3.1 Calcuate the budgeted profit of each product for the first quarter of 2022 if all products are processed further and joint costs are allocated in proportion to the physical quantity yelded by the respective products X, Y and Z. 3.2 Determine which products should be sold at the split-off point and which should be sold after further processing. Calculate the total profit n this case.

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