Cambridge Company Manufactures Three Main Products,L,M,and N,from a Joint Process

question 100

Multiple Choice

Cambridge Company manufactures three main products,L,M,and N,from a joint process.Additional information for June production activity follows: $$\begin{array} { | l | r | r | r | r | } \hline & \text { L } & \text { MA } & \text { N } & \text { Total } \\\hline \text { Units produced } & 50,000 & 40,000 & 10,000 & 100,000 \\\hline \text { Joint costs } & ? & ? & ? & \$ 450,000 \\\hline \begin{array} { l } \text { Sales value at } \\\text { split-off }\end{array} & \$ 420,000 & \$ 270,000 & \$ 60,000 & \$ 750,000 \\\hline \begin{array} { l } \text { Additional costs if } \\\text { process further }\end{array} & \$ 88,000 & \$ 30,000 & \$ 12,000 & \$ 130,000 \\\hline \begin{array} { l } \text { Sale value if } \\\text { processed further }\end{array} & \$ 538,000 & \$ 320,000 & \$ 78,000 & \$ 936,000 \\\hline\end{array}$$ Assuming that the 10,000 units of N were processed further and sold for $78,000,what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.

• A) $21,000.
• B) $28,500.
• C) $30,000.
• D) $66,000.

Understand the importance of documentation in management's handling of disciplinary procedures and arbitration cases.

Recognize unfair labor practices by both management and unions.

Define and differentiate between key terms and concepts in labor relations, such as grievance, conciliation, and arbitration.

Understand the legal framework governing labor relations in Canada, including jurisdiction and the rights of employers and unions.

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Definitions:

Crisis Impact

The effect or aftermath of a significant adverse event, often challenging the stability, reputation, or operations of an entity.

Faulty Airbags

Airbag systems in vehicles that have defects which can cause them not to deploy correctly in the event of a crash, potentially leading to injury or death.

Product Crisis

A significant problem or failure with a product that negatively impacts its users and can lead to a loss of trust in the brand.

Litigation Crisis

A crisis driven by a lawsuit (or the threat of one) that plays out in the court of public opinion as well as in the legal system.