Use the Following Information for the Next 4 Questions

question 108

Multiple Choice

Use the following information for the next 4 questions.
A joint process has total costs of $1,200 and yields 50 units each of two main products and 10 units of by-product that can be sold for $2.50 each.
-Under the realized value approach to accounting for by-products, what is the per unit cost of a main product if the physical output method of allocating joint costs is used?

• A) $12.00
• B) $24.00
• C) $11.75
• D) $23.50

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Definitions:

Employment-At-Will

A legal doctrine in some jurisdictions that enables an employment relationship to be terminated by either the employer or the employee for any reason that is not illegal.

Illegal Activity

Actions or behaviors that are prohibited by law and subject to criminal penalties or civil liability.

Good Cause

A legally valid reason or justification for an action, often pertaining to decisions in employment or legal proceedings.

Sullivan V. Harnisch

A legal case that addressed issues related to securities fraud and broker-dealer standards of conduct, highlighting the aspects of financial regulation and the obligations of financial professionals towards their clients.