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 48,670 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 units Goalpost units 3. What is the total contribution margin earned for the optimal mix

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

Advance Math
1.2K views

How do you wrap your head around the poorly written chapter 9.3 in 'Contemporary Linear Algebra'?

Psychology
1.2K views

psychology: To write objective about mental health nurse, reasearch the role of nursing mental health, for...

Finance
1.2K views

Describe the relationship between firm's target capital structure and WACC.

Physics
1.2K views

An ideal diatomic gas undergoes a process AB for which PV indicator diagram is shown...

Physics
1.2K views

Two isotherms of an idea temperatures T and T as shown below If Oa ab...

Geometry
1.2K views

PLE 3 For each quadratic function find the axis of symmetry of its graph 10...

Basic Math
1.2K views

Is the graph of the function f(x) = 9x5 + 7x symmetric with respect to...

Calculus
1.2K views

The dot plot below displays the high temperature F of the day for all 31...

Algebra
1.2K views

Sketch the line that you think best approximates the data in the scatter plot Then...

Accounting
1.2K views

Use the basic accounting equation to answer the following: A. Kendrick Company has total assets...

Accounting
1.2K views

Brandy Corporation, a calendar-year accrual basis taxpayer, signed a contract on December 27, 2013, for...

Finance
1.2K views

A project that costs $120 000 now (year 0) provides profits of $20 000 for...