QUESTION 1 Beginning inventory of direct materials was $210 and direct material used...

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Accounting

QUESTION 1
Beginning inventory of direct materials was $210 and direct material used for the period $770. If the ending balance of direct $170
the purchase for the period is:
a. $730
b. $810
c. $710
d. $690
QUESTION 2
Sherry's Custom Jewelry sells a single product. 700 units were sold resulting in $7,000 of sales revenue, $2,800 of variable costs, and $1,200 of
fixed costs.
Contribution margin per unit is:
a. None of these answers are correct.
b. $6.00
c. $4.00
d. $4.29
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