Anderson compounds produces two industrial chemical compounds, gorp and gumm, from the same process, which last year, cost $480,000. anderson produced 20,000 pounds of gorp, which sells for $60 per gallon and 60,000 gallons of gumm, which sells for $30 per gallon. after the split-off point, gorp required additional processing costing $300,000 to make it salable. using the adjusted sales method, how much of the joint cost should be allocated to gorp? select one: a. $120,000b. $320,000c. $160,000d. $192,000

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u.s. b

Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?