A Company Has Already Incurred $93,000 Cost in Partially Producing

question 93

Essay

A company has already incurred $93,000 cost in partially producing its three products. Their selling prices when partially and fully processed are shown in the table below with the additional costs necessary to finish their processing. Based on this information, should any products be processed further?
$$\begin{array} { | c | c | c | c | } \hline \text { Product } & \begin{array} { c } \text { Unfinished } \\\text { Selling Price }\end{array} & \begin{array} { c } \text { Finished } \\\text { Selling Price }\end{array} & \begin{array} { c } \text { Further } \\\text { Processing } \\\text { Costs }\end{array} \\\hline \text { A } & \$ 31.27 & \$ 62.37 & \$ 33.76 \\\hline \text { B } & \$ 42.56 & \$ 96.11 & \$ 49.82 \\\hline \text { C } & \$ 89.01 & \$ 102.72 & \$ 17.29 \\\hline\end{array}$$

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Definitions:

Archetypes

Universal, symbolic images that appear in myths, art, stories, and dreams; to Jungians, they reflect the collective unconscious.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Personality

An individual's characteristic pattern of thinking, feeling, and acting, across different situations and over time.

Liturgical Art

Liturgical art refers to the visual arts used in worship or in the practices and traditions of religious ceremonies.