Wren Pork Company Uses the Value Basis of Allocating Joint

question 50

Multiple Choice

Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: $$\begin{array} { l r r } \text { Product } & \text { Pounds } & \text { Price/Ib. } \\\text { Loin chops } & 3,000 & \$ 5.00 \\\text { Ground } & 10,000 & 2.00 \\\text { Ribs } & 4,000 & 4.75 \\\text { Bacon } & 6,000 & 3.50\end{array}$$ The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops?

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

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Definitions:

Psychodynamic

A psychological perspective focusing on how unconscious processes and past experiences shape behaviors and emotions.

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The maximum duration of life of a species; in humans, it also refers to the individual's journey from birth to death.

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