Periphery, Inc. has two products—picture frames and candle holders. Financial data for both the products follow: Picture Frames
Candle Holders
Units sold
2,000 units
700 units
Sales price per unit
$700
$1,000
Variable manufacturing cost per unit
310
700
Sales commission (% of sales)
7%
4%
Periphery has two sales representatives—Andrew Novak and Liu Wei. Each sales representative sold a total of 1,350 units during the month of March. Andrew had a sales mix of 70% picture frames and 30% candle holders. Liu had a sales mix of 80% picture frames and 20% candle holders. What is the contribution margin ratio for picture frames and candle holders, respectively?

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

From what part of income should someone take savings?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)