Determine the incremental profit of three joint products

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Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $180,400 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product.

Sales Value at Split-Off      Point Allocated    Joint Costs    Cost to Process    Further Sales Value of Processed Product

Spock                               $209,700              $40,600         $109,100                     $299,500

Uhura                                301,000                 59,500          85,800                      399,700

Sulu                                 454,300                  80,300            249,800                   799,300

Question 1: Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Reference no: EM132487557

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