Information About Three Joint Products Follows The Cost of the Joint Process Is $60,000

question 43

Multiple Choice

Information about three joint products follows: $\begin{array}{lccc}&\underline{A}&\underline{B} &\underline{C}\\\text { Anticipated production } & 5,000 \mathrm{~kg} & 1,000 \mathrm{~kg} & 2,000 \mathrm{~kg} \\\begin{array}{l}\text { Selling price/kg at split-off } \\\text { Additional processing costs/ } \mathrm{kg}\end{array} & \$ 10 & \$ 30 & \$ 16 \\\begin{array}{l}\text { after split-off (all variable) }\end{array}& \$ 6 & \$ 12 & \$ 24 \\\begin{array}{l}\text { Selling price/kg after further } \\\text { processing }\end{array} &\$20&\$40&\$50 \\\end{array}$ The cost of the joint process is $60,000.Which of the joint products should be sold at split-off?

• A)joint product A
• B)joint product B
• C)joint product C
• D)both joint product A and joint product B

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Definitions:

Prejudice

Preconceived opinions or judgments about individuals or groups based on certain biases, often without full knowledge or examination.

Negative Attitude

A disposition or mindset that focuses on the bad or undesirable aspects of a situation rather than the positive ones.

Racial Group

A category of people who share physical characteristics or cultural practices that society deems socially significant.

Ultimate Attribution Error

A specific form of the fundamental attribution error where entire groups are stereotyped as having inherent traits causing their behavior, without considering situational factors.