General Chemical Company (GCC) manufactures two products as part of a joint process: AI and BI. Joint costs up to the split-off point total $22,000. The joint costs are allocated to Al and B1 in proportion to their relative sales values. At the split-off point, product Al can be sold for $42.000, whereas product BI can be sold for $63,000 Product Al can be processed further to make product A2, at an incremental cost of $38,000, A2 can be sold for $85,000. Product B1 can be processed further to make product B2, at an incremental cost of $48,000. B2 can be sold for $95.000

Joint costs allocated to product Al total:

A. $13,200
B. $22,000
C. $13,500
D. $8.800

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business. identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats. implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the