Why does Jeremy earn more money than Rose?
Rose is a college dropout. She works at a furniture factory for a living. The owner of the factory exports this furniture to Europ
earns $3,000 per month. Her friend Jeremy completed his engineering degree and works at a factory that manufactures X-ray
to South American countries and also has a service center to repair broken machines. Jeremy earns $10,000 per month.
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Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.