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P Co. has only 25,000 hours of machine time each month to manufacture its two...

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Accounting

P Co. has only 25,000 hours of machine time each month to manufacture its two products. Product X has a contribution margin of P50, and Product Y has a contribution margin of P64. Product X requires 5 hours of machine time, and Product Y requires 8 hours of machine time. If P wants to dedicate 80 percent of its machine time to the product that will provide the most income, P will have a total contribution margin of.

Answer is P240,000.

Can you please explain to me how to work this problem to get 240,000?

Thanks.

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