Bevo Beef Company Uses the Relative Market Value Method of Allocating

question 17

Multiple Choice

Bevo Beef Company uses the relative market value method of allocating joint costs in their production of beef products.Relevant information for the current period follows: $\begin{array}{lrr}&\text { Production in } & \text { Market } \\\underline {\text { Product } }& \underline {\text { Pounds }}&\underline {\text { Price/Pound }}\\\text { Sirloin } & 3,000 & \$ 5.00 \\\text { Hamburger } & 10,000 & 2.00 \\\text { Rib eye } & 4,000 & 4.75 \\\text { Roast } & 6,000 & 3.50\end{array}$ The total joint cost for the current period was $43,000.How much of this cost should Bevo Beef allocate to sirloin?

• A)$0
• B)$5,909
• C)$8,600
• D)$10,750
• E)$43,000

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Definitions:

Aggressive Attitudes

A predisposition or mindset that reflects hostility, anger, or an intent to harm others, either verbally or physically.

Survival Instinct

The innate or natural tendency in living organisms to preserve their existence by responding to threats with fight or flight reactions.

Type of Aggression

Categorizes the various forms of aggressive behavior (e.g., physical, verbal, passive-aggressive, and assertive) based on their manifestation and underlying intentions.

Deindividuate

Refers to the loss of self-awareness and individual accountability in group situations, leading to behavior that is uninhibited or deviant from normative conduct.