Convenience products are answers:
a. frequently purchased items for which buyers are willing to exert considerable effort.
b. frequently purchased items that are found in certain retail outlets.
c. relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.
d. items that require some purchase planning and for which the buyer often will not accept substitutes.

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.