Information About Three Joint Products Follows: the Cost of the Joint

question 50

Multiple Choice

Information about three joint products follows: The cost of the joint process is $140,000.Which of the joint products should be processed further?
$\begin{array}{l}&A&B&C\\\text { Anticipated production } & 12,000 \mathrm{~kg} & 8,000 \mathrm{~kg} & 7,000 \mathrm{~kg} \\\text { Selling price/kg at split-o ff } & \$ 16 & \$ 26 & \$ 48\\\text { Additional processing costs/kg after split-off }\\\text { (all variable) } & \$ 8 & \$ 20 & \$ 20 \\\text { Selling price/kg after further processing } & \$ 20 & \$ 40 & \$ 70\end{array}$

• A)joint product A
• B)joint product B
• C)joint product C
• D)all joint products

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Definitions:

Wagner Act

A foundational piece of U.S. labor legislation passed in 1935 that protects the rights of workers to organize into unions, engage in collective bargaining, and take collective action such as strikes.

Collective Bargaining

The process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment.

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.

Secret-Ballot Elections

A voting method in which voters' choices are confidential to ensure free and fair selection, often used in union representation elections.