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...

80.2K

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

Basic Math
1.2K views

Both before and after seeing a movie designed to reduce sexism, five males responded to a...

Chemistry
1.2K views

\"Starting with a 1.35 M HCl stock solution, five standard solutions are prepared by sequentially diluting...

Medical Sciences
1.2K views

1) Describe the pharmacological effects of H1-receptor antagonists. 2) Describe the pharmacological effects of H2-receptor antagonists. 3) Describe the...

General Management
1.2K views

Citing examples, explain how the captains engaged in each of these adaptive leader behaviors: (1) get...

Geometry
1.2K views

Lesson Posttest Question 6 Points 1 What is the surface area of a sphere with...

Basic Math
1.2K views

8. Sally, Mariah, and Devin visit a bakery. Sally buys 3 biscuits and 2 muffins...

Accounting
1.2K views

Outline the importance of the balance scorecard to Boys Ranch

Accounting
1.2K views

george plans to purchase his first car. he is interested in a car that has...

Accounting
1.2K views

Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of...

Accounting
1.2K views

Required information Skip to question Elm Manufacturing Company (ELM) is a small manufacturer of backpacks...

Finance
1.2K views

Check my worl Required information Problem 13-72 (LO 13-4) (Algo) (The following information applies to...

Finance
1.2K views

Finance. Suppose that $5,500 is invested at 5.7% annual interest rate, compounded monthly. How much...