Suppose That a Sawmill Processes Logs into Four Grades of Lumber

question 11

Multiple Choice

Suppose that a sawmill processes logs into four grades of lumber totalling 500,000 board metres as follows at a joint cost of $300,000: $\begin{array}{lcc}\text { Grade } & \text { Board Metres } & \text { Final Sales Value }\\\text { First and second } & 75,000 & \$ 56,250 \\\text { No. } 1 \quad\text { common } & 200,000 & 180,000 \\\text { No. } 2 \quad\text { common } & 100,000 & 105,000 \\\text { No. } 3 \quad\text { common } & 125,000 & 127.500\end{array}$
What amount of joint costs will be allocated to No.1 common using the final sales value method?

• A)$36,000
• B)$115,200
• C)$120,000
• D)$300,000

---

Definitions:

Prototypes

Original model or first form of something from which other forms are copied or developed, often used in the context of products, designs, or cognitive psychology.

Trial-And-Error

A problem-solving method involving repeated, varied attempts until success is achieved, learning from the errors in previous attempts.

Classifying Objects

The process of organizing objects into categories based on shared characteristics or properties.

Math Tests

Standardized or teacher-created evaluations used to measure an individual's understanding and ability in mathematics.