C Limited Produces Two Products (A and B)from a Particular

question 17

Multiple Choice

C Limited produces two products (A and B) from a particular joint process.Each product may be sold at split-off or may be further processed.Joint production costs for the year amounted to $60 000.Sales values and costs are as follows.If the joint production costs were assigned using the net realisable value method,the joint costs allocated to B would be:

• A) $23 964
• B) $32 143
• C) $32 617
• D) $39 661

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Definitions:

Group Membership

The association or identification of an individual with a group, based on shared characteristics, goals, or interests.

Social Attraction

Liking for someone based on common group membership and determined by the person’s prototypicality of the group.

Hogg's Model

A social identity theory related model that explains how perceived uncertainty in groups can lead to stronger identification with and conformity to group norms.

Group Norms

Shared expectations or rules within a group that guide the behavior of its members.