Newton Manufacturing has 71,900 labor hours available for producing M and N. Consider the following...
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Accounting
Newton Manufacturing has 71,900 labor hours available for producing M and N. Consider the following information:
| Product M | Product N | ||||||
| Required labor time per unit (hours) | 4 | 5 | |||||
| Maximum demand (units) | 7,100 | 9,100 | |||||
| Contribution margin per unit | $ | 6.00 | $ | 6.50 | |||
| Contribution margin per labor hour | $ | 1.50 | $ | 1.30 | |||
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
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$41,600.
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$98,750.
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$99,150.
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$101,750.
- NONE OF THESE ANSWERS ARE CORRECT
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