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problem: Patrick Corporation inadvertently produced 10,000 defective personal radios. The radios cost $8 each to produce. A salvage firm will buy the defective units as they are for $3 each. Patrick's production manager reports that the defects can be corrected for dollar 5 per unit, enabling them to be sold at their regular market price of $12.50. Patrick should:

[A] Throw the radios away.

[B] Sell 5,000 radios to the salvage firm and repair the remainder.

[C] Correct the defects and sell the radios at the regular price.

[D] Sell the radios for dollar 3 per unit.

[E] Sell the radios as they are because repairing them will cause their total cost to exceed their selling price.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M921892

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