Mickey Company Manufactures Three Joint Products: X,Y,and Z ADetermine Whether Each Product Should Be Sold at Split-Off or the Joint

Mickey Company manufactures three joint products: X,Y,and Z.The cost of the joint process is $30,000.Information about the three products follows:
$\begin{array}{lrrr}&\underline{X} & \underline{Y}& \underline{Z}\\\text { Anticipated production } & 5,600 \mathrm{~kg} & 10,000 \mathrm{~kg} & 2,500 \mathrm{~kg} \\\text { Selling price/kg at split-off } & \$ 2.00 & \$ 1.00 & \$ 3.00 \\\text { Additional processing costs/kg } & & & \\\text { after split-off (all variable) } & \$ 1.50 & \$ 1.25 & \$ .75 \\\text { Selling price/kg after } \\\text { further processing }& \$ 2.50 & \$ 3.75 & \$ 6.25 \\\text { Allocated joint costs }& \$ 12,000 & \$ 10,500 & \$ 7.500\end{array}$
a.Determine whether each product should be sold at split-off or processed further.Show all supporting calculations in good form.
b.Determine the firm's income if the firm processed all three products beyond split-off.