Crash Course: Globalization (Pt. 1) 1. What is Economic Interdependence and why has it increased in recent years? 2. Explain how a T-Shirt symbolizes the impact of globalization. 3. How has Globalization been good for business, culture, and the world as a whole (2 ways)? How has it been bad (2 ways)?

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.