Discuss whether the structure of the executive compensation programs is consistent with the corporate strategy for each company. At a minimum, consider the mix of compensation (i.e., fixed v. contingent, short-term v. long-term, and accounting or stock price-based v. non- financial-based). In your opinion, does the compensation program motivate executives to achieve strategic success

Equivalent units of production for the year are 3428 units.

Explanation:

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

In this problem 3428 units are equivalent units. The detail calculation is given below.

                                   Units      Already          Completed in     Calculation

                                               Completed           period

Begining Stock            220           66                      154             220*70%

Started In period         3400          0                      2980          3400-420

Ending Stock                 420          0                       294           420*70%