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Question - Processing beyond split-off

Washington Cannery makes three products from a single joint process. For 2010, the cannery processed all three products beyond split-off. The following data were generated for the year:

Joint Product              Incremental Separate            Cost Total Revenue

Candied apples             $26,000                                $680,000

Apple jelly                      38,000                                  765,000

Apple jam                      15,000                                   289,000

Analysis of 2010 market data reveals that candied apples, apple jelly, and apple jam could have been sold at split-off for $670,000, $730,000, and $260,000, respectively.

a. Based on hindsight, evaluate management's production decisions in 2010.

b. How much additional profit could the company have generated in 2010 if it had made optimal decisions at split-off?

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