Information About Three Joint Products Follows The Cost of the Joint Process Is $140,000

question 34

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 $140,000.
-Refer to the figure.Assuming all of the sell-now or process-further decisions were correctly made,what will be the firm's income?

• A)$596,000
• B)$610,000
• C)$654,000
• D)$736,000

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Definitions:

Interval Data

A type of numerical data in which the intervals between numbers on the scale are interpretable and equal, allowing for meaningful comparison and arithmetic operations.

Nominal Data

Data classified into categories that cannot be ordered in a meaningful way.

Interval Data

A type of data that is measured along a scale, where the difference between values is meaningful, but there is no true zero point.

Nominal Data

Data classified into categories that cannot be ordered or ranked in any meaningful way.