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Newton Manufacturing has 78,500 labor hours available for producing M and N. Consider the following...

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Accounting

Newton Manufacturing has 78,500 labor hours available for producing M and N. Consider the following information:

Product M Product N
Required labor time per unit (hours) 5 6
Maximum demand (units) 6,500 8,000
Contribution margin per unit $ 12.00 $ 12.60
Contribution margin per labor hour $ 2.40 $ 2.10

If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate?

Multiple Choice

  • $77,100.

  • $174,000.

  • $174,600.

  • $178,800.

  • None of the answers is correct.

Answer & Explanation Solved by verified expert
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