Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. determining the optimal product mix with one const

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Casual Essentials,...

60.1K

Verified Solution

Question

Accounting

image

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $5 and $15, respectively. Regardless of type, each team shirts must be fed through a stitching machine to affix the appropriate team logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Homerun shirt requires 6 minutes of machine time, and each Goalpost shirt requires 30 minutes of machine time. Assume that a maximum of 48,690 units of each team shirts can be sold Required: If required, round your answers to the nearest whole number. 1. What is the contribution margin per hour of machine time for each type of team shirts? Contribution Margin Homerun Goalpost 2. What is the optimal mix of team shirts? Optimal Mix Homerun Goalpost 3. What is the total contribution margin earned for the optimal mix? units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Photochemical isomerization of Alkene: cis-1,2-dibenzoylethylene 6-38: What are some clues that tell you that you have made...

Chemistry
Q

****************************************Instructions**************************************************** I just need a test .cpp client file that tests the new bold bits of code...

Programming
Q

(TCO 4) Describe PID control.

Electrical Engineering
Q

What is the function of the value chain? what is a core activity in the value...

General Management
Q

points Use the figure below to complete the statements 1 3 W X If m...

Geometry
Q

United Express, a national package delivery service, charges a base price for overnight delivery of...

Basic Math
Q

Tell whetherMrs. Hense sells a roll of coastal Bermudahorse hay for $58. She says she...

Basic Math
Q

In a survey conducted by the Gallup Organization 1100 adult Americans were asked how many...

Statistics
Q

Find x the angle of depression from the top of a lighthouse that is 165...

Calculus
Q

Selecciona la mejor respuesta para completar la oracin: Amenazas a la independencia _________. 1....

Accounting
Q

Using the following information, determine the fixed and operating costs for a scraper. Actual cost...

Accounting
Q

urgent Company Dubai during the year ended December 2020 declared...

Accounting