Harmon Inc

question 56

Multiple Choice

Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows:The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) :

• A) $3,614.
• B) $4,688.
• C) $23,438.
• D) $33,434.
• E) $46,875.

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Definitions:

Trademarks

Symbols, names, phrases, or logos legally registered or established by use as representing a company or product.

Advertising Slogans

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Registered Phrases

Registered Phrases are phrases that have been legally registered for protection, often in the context of trademarks to identify the services or goods of a particular source.

Distribution Function

The process of transporting, storing, and delivering products from the manufacturer to the consumer in an efficient manner.