Use the Following Information for the Next 5 Questions

question 111

Multiple Choice

Use the following information for the next 5 questions.
The Great Foods Company processes milk into skim milk and butter. This year 70,000 gallons of will be processed, costing $40,000. If processed to the split-off point, this will yield 40,000 gallons of skim milk and 10,000 pounds of butter. Skim milk is sold to distributors for $1 per gallon and butter is sold for $0.75 per pound. Great Foods has the option of processing the two products further. Skim milk can be processed into canned, sweetened, condensed skim milk and sold for $0.80 per can. One gallon of skim milk makes 2 cans of condensed milk. To process 40,000 gallons of skim milk will cost $18,000. Butter can be processed into cake frosting, sold in containers for $2 each. One pound of butter goes into each container of frosting. The cost of processing 10,000 pounds of butter into frosting costs $15,000.
-What is the per-unit joint cost allocated to condensed milk and frosting if the net realizable value method is used?

• A) $1.64608 per can and $0.7157 per container
• B) $0.82304 per can and $0.7157 per container
• C) $0.90196 per can and $0.3922 per container
• D) $0.45098 per can and $0.3922 per container

Comprehend the components and purpose of SWOT analysis in strategic planning.

Define core competencies and their significance in achieving competitive advantage.

Characterize global operations strategies and understand the variety of international market involvement strategies used by firms.

Understand the components and purposes of bond indentures including sinking funds and call provisions.

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Definitions:

Executive Workers

Individuals who hold high-ranking positions within an organization, overseeing its management and making major decisions concerning its operation.

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical behavior of a sexual nature, which can create a hostile work environment.

Small Business

A business owned by an individual, partners, or a private group, characterized by having a smaller workforce and generating lower yearly income compared to larger corporations or standard businesses.

Lawyer

A professional who is qualified to offer advice about the law or represent someone in legal matters.