Foster Company Incurred $200,000 to Manufacture the Following Products in a Joint

question 158

Multiple Choice

Foster Company incurred $200,000 to manufacture the following products in a joint process: $\begin{array}{lrlr}&&&\text { Selling Price }\\\text { Product } & \text { UnitsProduced } & \text { Weightper Unit } & \text { per Unit }\\\mathrm{I} & 500 & 8 \mathrm{lbs} . & \$ 5 \\\mathrm{~J} & 1,000 & 6 \mathrm{lbs} . & 10 \\\mathrm{~K} & 1,500 & 4 \mathrm{lbs} . & 10 \\\mathrm{~L} & 2,000 & 2 \mathrm{lbs} . & 5\end{array}$ How much joint cost would be allocated to Product K based on the total sales value method?

• A)$13,334
• B)$80,000
• C)$26,666
• D)$60,000

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Definitions:

Ordinal

Relating to a category of data measurement levels that reflects the order of the values, but not the difference between them.

In-Basket Tests

A simulation exercise used in assessments whereby candidates prioritize and respond to a series of business-related tasks or emails.

Cognitive Ability

The capacity of an individual to perform mental processes like learning, reasoning, problem-solving, and decision making.

Defamation

A legal term for any false communication, either written or spoken, that harms a person's reputation; decreases the respect, regard, or confidence in which a person is held; or induces disparaging, hostile, or disagreeable opinions or feelings against a person.