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question 88

Multiple Choice

[The following information applies to the questions displayed below.]
General Chemical Company (GCC) manufactures two products as part of a joint process: A1 and B1.Joint costs up to the split-off point total $22,000.The joint costs are allocated to A1 and B1 in proportion to their relative sales values.At the split-off point,product A1 can be sold for $42,000,whereas product B1 can be sold for $63,000.Product A1 can be processed further to make product A2,at an incremental cost of $38,000.A2 can be sold for $85,000.Product B1 can be processed further to make product B2,at an incremental cost of $48,000.B2 can be sold for $95,000.
-Joint costs allocated to product B1 total:

• A)$8,800.
• B)$13,200.
• C)$13,500.
• D)$22,000.

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Definitions:

Technological Advancements

Progress or innovation in technology that enhances efficiency, productivity, or brings new tools and methods into use.

Lower-Class People

Individuals or groups positioned at the bottom of a societal hierarchy based on income, occupation, education, and/or social status.

Social Exclusion

A process where individuals or groups are systematically blocked from rights, opportunities, and resources that are normally available to members of society and necessary for social integration.

Coveted Internship

A highly sought-after temporary position, often in a prestigious organization or field, that offers valuable experience and networking opportunities.