A secondary product recovered during the manufacturing of a primary product during a joint process is called a(n): __________ .

Alpha Corp. prices its products at full cost plus 25 percent. The company has two support departments and two producing departments. Budgeted costs and normal activity levels are as follows:   ​ Support Departments Producing Departments ​ S1 S2 P1 P2 Overhead costs $15,000 $27,000 $250,000 $200,000 Square feet       900     1,100       4,000       8,000 Number of employees         12         28          100            80 Direct labor hours – –       9,000     10,000 Machine hours – –     12,000      8,000 ​ S1 Department’s costs are allocated based on square feet, and S2 Department’s costs are allocated based on number of employees. ​ P1 Department uses direct labor hours to assign overhead costs to products and P2 Department uses machine hours. ​ Alpha manufactures Product X, each unit of which requires 5 direct labor hours in P1 Department and no time in P2 Department. Direct materials per unit of Product X cost $200, and direct labor is $110 per unit. ​ Determine the selling price of Product X, if the direct method of allocation is used and the company follows its usual pricing policy.

Golden Ring Company produces two types of product: Large and Larger. Two work orders for two batches of the products are shown below, along with some additional cost information:   ​ Large Larger ​ Work Order 10 Work Order 11 Direct materials (actual costs) $45,000 $75,000 ​ ​ ​ Applied conversion costs: ​ ​ Mixing ? ? Cooking $12,000 $12,000 Bottling $10,000 $15,000 ​ ​ ​ Batch size (bottles) 5,000 5,000 ​ In the Mixing Department, conversion costs are applied on the basis of direct labor hours. Budgeted conversion costs for the department for the year were $50,000 for labor and $125,000 for overhead. Budgeted direct labor hours were 2,500. It takes three minutes to mix the ingredients needed for each bottle. Large (Work Order 10) and Larger (Work Order 11) flow through the Mixing Department first, then through the Cooking and Bottling departments. What is Golden Ring Company’s journal entry to record materials used in the Mixing Department for Work Order 10?

In a cost-volume-profit graph, the total revenue line rises with a slope equal to

A very high degree of operating leverage indicates a firm

Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as follows:   Month Sales October 10,000 November 14,000 December 13,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month’s sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps. ​ How many lamps should be produced in October?

In 2018, Samantha’s Bath and Body Shop had variable costs of $27,000, fixed costs of $18,000, and a net loss of $4,500. ​ Samantha’s 2018 break-even sales volume was

If a spoilage is normal (expected), the cost of spoiled units is:

Describe the differences between the direct, sequential and reciprocal methods of allocating support department costs to production departments.

In cost-volume-profit analysis income taxes __________ the break even point.