Havenstock Produces Lime Juice and Lime Margarita Mix

question 24

Multiple Choice

Havenstock produces lime juice and lime margarita mix. A 500-pound batch of limes costing $70 is processed and results in two components-concentrate and nectar. The labor to achieve this process is $120 per batch. The concentrate is used to produce lime juice and the nectar is used to produce margarita mix. The concentrate is processed into 80 pints of lime juice at a batch cost of $30, and the nectar is processed into 40 bottles of margarita mix at a cost of $20 per batch. The sales price of each pint of juice is $5, and each bottle of margarita mix has a sales value of $2.50. How much is the joint cost allocated to lime juice using the relative sales value method?

• A) $46.67
• B) $56.00
• C) $96.00
• D) $152.00

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Definitions:

Duty to Protect

A legal and ethical mandate in mental health practice requiring professionals to take reasonable steps to prevent harm to their client or others, which may involve breaking confidentiality under certain conditions.

Confidentiality

The ethical principle or legal right that a physician or other healthcare provider will hold secret all information relating to a patient, unless the patient gives consent permitting disclosure.

Mental Health

Refers to the cognitive, behavioral, and emotional well-being of an individual; how people think, feel, and behave.

Duty to Protect

A legal and ethical obligation of mental health professionals to break confidentiality to warn identifiable individuals if their client poses a direct threat to them.