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\mathrm{.}00$

c$.$ $$4\mathrm{.}00$

d$.$ $$4\mathrm{.}29$