41. In deciding whether to sell a joint product or to process it further, management should consider:

1. All joint costs and separately identifiable costs
2. Only joint costs that vary with production volume
3. Joint costs of the product under consideration
4. Variable joint and variable separately available costs
5. None of the above

29. Operating leverage is computed as:

1. Contribution margin divided by income before taxes
2. Fixed costs divided by income before taxes
3. Income before taxes divided by total debt
4. Operating income divided by total debt

27. Which of the following statements regarding sales mix is true?

1. A shift in the sales mix can have a significant impact on the bottom line.
2. One of the limiting assumptions of the basic cost-volume-profit model is that the analysis is for a single product or the sales mix is constant.
3. Sales mix analysis is important in multiple-product or service organizations.
4. All of the above are true