Whole milk is one of the joint products in a joint manufacturing process. Management is considering whether to sell the whole milk at the split-off point or to process it further into cheese. The following data have been gathered:
I. Selling price of the whole milk
II. Variable cost of processing the whole milk into cheese
III. The avoidable fixed costs of processing the whole milk into cheese
IV. The selling price of cheese
V. The joint cost of the process from which the whole milk is produced
Which of the above items are relevant in a decision of whether to sell the whole milk as is or process it further into cheese?
a. I, II, and IV
b. I, II, III, and IV
c. I, II, III, and V
d. I, III, and V

Option (b) : I, II, III, and IV

Explanation:

As per the data given in the question,

In order to evaluate weather a product is sold at a split-off point or can be further processed, the joint processing costs that have already been obtained will have no effect on the decision because the costs and revenues that will be acquired and obtained after consideration will have to be decided whether to continue processing or not. The sunken cost is the cost of processing jointly. Therefore it will not affect the decision to process further or not.

Hence, Option (b) : I, II, III, and IV is correct answer

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.