he Mallak Company produced three joint products at a joint cost of $104,000. Two of these products were processed further. Production and sales were: Processing Costs P302,000lbs.$248,500 $202,000 Q102,000lbs. 32,000 -0- R102,000lbs. 179,500 102,000 What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?