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

question 48

Multiple Choice

Anchorage Company manufactures three main products,L,M,and N,from a joint process.Additional information for June production activity follows: 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.

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Definitions:

HR Forecasting

A method used in human resources to estimate future workforce needs to achieve the organization's objectives.

Organizational Goals

Objectives that an organization seeks to achieve, defining its purpose and, in essence, setting the direction for its activities and efforts.

Demand Requirements

The specific needs or quantities of products or services required by the market or a particular customer.

Qualitative Forecasting

The method of prediction based on non-quantifiable information such as expert opinions, industry trends, and qualitative comparisons.