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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

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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