Carter Co. sells two products. Arks and Bins. Last year. Carter sold 14,000 units of Arks and 56,000 units of Bins Reined data are: What was Carter Co.'s sales mix Last year? 20% Arks. 80% Bins 12% Arks. 28% Bins 70% Arks, 30% Bins 40% Arks. 20% Bins The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs variable costs and actual costs competitor's costs and actual costs competitor's costs and standard costs The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed contribution margin analysis cost-volume-profit analysis budgetary analysis gross profit analysis A disadvantage of static budgets is that they are dependent on previous year's actual results cannot be used by service companies do not show possible changes in underlying activity levels show the expected results of a responsibility center for several levels of activity