How does the following excerpt from a classroom speech violate the guidelines for using statistics in your textbook? one magazine reports that u. s. consumers pay more than $300 billion a year on products to cover the manufacturers' liability costs. this amounts to a staggering $4,000 per household. on a specific basis, the product liability costs account for $11.50 of every $12 dose of vaccine we give our children, and over $100 of the cost of a football helmet.

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.