Assume that the total sales value at the split-off point for product 1 is $72,500 instead of $174,000 and the sales value of product 3 is $2,900 instead of $43,500. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by-product and uses the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using the sales value at split-off method

marketing strategies should be established before marketing objectives are decided. t/f

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.