How much is the total gross profit

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Question - S Company produces 3 joint products XYZ from one input. The products can be sold at the split-off point or processed further. The joint production cost for the month, allocated among the products based on the relative physical volume of output are as follows:

Materials 150,000

Labor 30,000

Factory overhead 20,000

Total joint cost 200,000

Additional information about the three products are given in the following:

Products

Production in units

Unit Sales Price

At split off

If processed further

Additional Processing Cost

X

5,000

80

100

15

Y

3,000

45

60

20

Z

2,000

60

75

10

Required - How much is the total gross profit if the company took the most profitable action with respect to the three products?

Reference no: EM132720169

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