Compare and contrast static budgets, flexible budgets, and activity-based budgets.

Controllable costs are those that a manager

A single charging rate uses the fixed costs of the support department.

A secondary product recovered in the course of manufacturing a primary product during a joint process is called a:

Boysenberry Company manufactures a product that passes through two processes: Grinding and Mixing. Boysenberry adds all manufacturing costs uniformly in the Grinding Department. Information relating to the Grinding Department for November follows: ​ Work in process, November 1: ​ Units (75% complete) 1,500 ​ Direct materials $12,500 ​ Direct labor $10,000 ​ Overhead $  8,000 ​ ​ During November, 4,500 units were completed and transferred to the Mixing Department.  The following costs were incurred by the Mixing Department during November: ​ Direct materials $42,000 Direct labor 60,000 Overhead 15,000 ​ There were 250 units that were 60 percent complete remaining in Grinding Department on November 30. Determine the equivalent units of production using the weighted average method.

In __________ a single product is produced on a continuous basis.

Colorado Corporation has the following sales forecast for the next quarter: ​ July, 4,000 units; August, 4,800 units; September, 5,600 units ​ Sales totaled 3,200 units in June. The June ending finished goods inventory was 800 units. End-of-month finished goods inventory levels are planned to be equal to 30 percent of the next month’s planned sales. Records showed that each unit is budgeted at 2 pounds of materials costing $3 per pound. Direct labor was budgeted at .5 direct labor hours per unit at a wage of $20 per hour. Budgeted variable overhead is $1.50 per direct labor hour. Fixed overhead is budgeted at $250,000 for the year, and 50,000 units are expected to be produced. ​ The beginning finished inventory is valued at $31,320. ​ After preparing a finished goods inventory budget for August, what is the cost of goods sold for August?

Departmental __________ is applied to products passing through the department.

Causal factors are variables or activities within a producing department that stimulate the incurrence of support costs.

Allocation increases total costs.