Sheffield Corp. has four product lines: sour cream, ice cream, yogurt, and butter. The total...
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Sheffield Corp. has four product lines: sour cream, ice cream, yogurt, and butter. The total cost of producing the milk base for the products is $42000, which has been allocated based on the gallons of milk base used by each product. Results for July follow:
| Sour Cream | Ice Cream | Yogurt | Butter | Total | |
| Units sold | 2000 | 500 | 400 | 2000 | 4900 |
| Revenue | $9350 | $18700 | $9350 | $18700 | $56100 |
| Variable departmental costs | 5250 | 11500 | 3750 | 4250 | 24750 |
| Fixed costs | 5000 | 2000 | 3000 | 7000 | 17000 |
| Net income (loss) | $ (900) | $ 5200 | $ 2600 | $ 7450 | $14350 |
How much are total joint costs of the products?
a. $17000
b. $41750
c. $24750
d. $14350
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