Dowell Company produces a single product. Its income statements under absorption costing for its first two years of
operation follow.
Sales ($46 per unit)
Cost of goods sold ($31 per unit)
Gross margin
Selling and administrative expenses
Net income
2016
2017
$966,000 $1,886,000
651,000 1,271,000
315,000 615,000
292,250 337,250
$ 22,750 $ 277,750
Additional Information
a. Sales and production data for these first two years follow.

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

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.