Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. m7-11 (algo) prioritizing products with constraine

M7-11 (Algo) Prioritizing Products with Constrained Resource (LO 7-2, 7-7] Anne Sugar makes large ceramic...

70.2K

Verified Solution

Question

Accounting

imageimage

M7-11 (Algo) Prioritizing Products with Constrained Resource (LO 7-2, 7-7] Anne Sugar makes large ceramic pots for use in outdoor landscaping. She currently has two models, one square and the other round. Because of the size of Anne's creations, only one pot can be fired in the kiln at a time. Information about each model follows: Sales price Variable cost Firing time Square $78 $23 2.5 hours Round $102 $39 3.5 hours Assume that Anne can sell as many pots as she can create but that she is limited as to the number of hours that the kiln can be run. Compute the contribution margin per unit and contribution margin per hour of firing time. Square Ceramic Pot Round Ceramic Pot Contribution Margin per Unit Contribution Margin per Hour Which type of pot should Anne produce to maximize her short-term profit? Square Ceramic Pot Round Ceramic Pot Both

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

if the global economy adhered to a fixed exchange rate then OI O 1 11...

Statistics
Q

Give an example for each physical, mechanical, electrical and thermal properties of material, identify practical application...

Mechanical Engineering
Q

The terms avoidance and knowingly exclude as violations statements that psychologists would reasonably be expected to believe...

Psychology
Q

Consider the functions x x 2 g x 3x What is the value of gof...

Algebra
Q

Each of the following transactions relates to the activities of a county for the current...

Accounting
Q

Discount Furniture Pty Ltd manufactures a variety of desks, chairs, tables and shelf units which...

Accounting
Q

QUESTION FOUR (100 Marks) There are several accounting software packages that are used by different...

Accounting
Q

Question 7 of 11 "iew Policies Current Attempt in Progress Ayayai Corp. has the following...

Accounting
Q

xyz, Inc. owns DFE Co., which they bought for $268,000 several years ago. It is...

Accounting
Q

2. State two specific functions or jobs that should be segregated in the sales processing...

Accounting
Q

The following transactions happened for a retailer in January: Date Transaction # of Units |...

Accounting
Q

Bramble Corp. sells its product for $90 per unit. During 2016, it produced 60000 units...

Accounting