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Question: Benjamin Signal Company produces products Rex, Jax, and Cox from a joint production process. Each product may be sold at the split-off point or be processed further. Joint production costs of $92,000 per year are allocated to the products based on the relative number of units produced. Data for Benjamin'soperations for the current year are as follows:
Units Produced
Allocated Joint Product Costs
Sales value at Split-off Point
Product Rex
$8,000
$32,000
$76,000
Product Jax
$10,000
$40,000
$71,000
Product Cox
$5,000
$20,000
$48,000
Product Rex can be processed beyond the split-off point for an additional cost of $26,000 and can then be sold for $105,000. Product Jax can be processed beyond the split-off point for an additional cost of $38,000 and can then be sold for $117,000. Product Cox can be processed beyond the split-off point for an additional cost of $12,000 and can then be sold for $57,000.
Required:
Which product (s) should be processed beyond the split-off point? Explain with detailed calculations.
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