Homework Answers
C) $3 for Standard , $6 for Premium
Contribution per machine hour = Contribution/machine hours
Standard = 21/7 = 3
Premium = 30/5 = 6
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Constraint time from previous task: 492 hours, there is no longer constraint time. How many sofas...
Constraint time from previous task: 492 hours, there is no
longer constraint time.
How many sofas of each model should Harvey Furniture produce to
maximise profits each week?
a) Number of units of Standard model to be
produced?
b) Number of units of Premium model to be
produced?
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Springer Products manufactures three different product lines, Model X, Model Y, and Model Z. Considerable market demand exists for all models. The following per unit data apply: Model X Model Y Model Z $71 $69 Selling price Direct materials Direct labor ($13 per hour) Variable support costs ($5 per machine - hour) Fixed support costs Which model has the greatest contribution margin per unit? O A. Model X OB. Model Y O C. Model z OD. Both Model X and...
Springer Products manufactures three different product lines, Model X, Model Y, and Model Z. Considerable market demand exists for all models. The following per unit data apply: Model X $50 Model Y $63 Model Z $72 Selling price Direct materials Direct labor ($13 per hour) Variable support costs ($4 per machine - hour) Fixed support costs ūcco ü co co co Which model has the greatest contribution margin per machine - hour? O A. Model X O B. Model Y...
Constraint time from previous task: 492 hours, there is no
longer constraint time.
How many sofas of each model should Harvey Furniture produce to
maximise profits each week?
a) Number of units of Standard model to be
produced?
b) Number of units of Premium model to be
produced?
Harvey Furniture manufactures two models of sofas, Standard and Premium. Weekly demand is estimated to be 100 units of the Standard Model and 77 units of the Premium Model. The following per...
$90 Norton's Mufflers manufactures three different product lines: Model X, Model Y, and, Model Z. Considerable market demand exists for all models. The following per unit data apply: Model X Model Y Model Z Selling price $80 $100 Direct materials 30 Direct labour ($10 per hour) 15 15 20 Variable support costs ($5 per machine-hour) 5 10 10 Fixed support costs 20 20 30 30 20 Required: a. For each model, compute the contribution margin per unit.[2 Mark) b. For...
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Lle Around Furniture manufactures two products: Couches and Beds. The following data are available: Sales price Variable costs Couches $500.00 $380.00 Beds $720.00 $385.00 The company can manufacture either two couches per machine hour or one bed per machine hour. The company's production capacity is 7.400 machine hours per month What is the contribution margin ratio for Couches? O A. 31.58% O B. 24% OC. 17.6% OD. 46.53%
Lie Around Furniture manufactures two products: Futons and Recliners. The following data are available: Futons Recliners Sales price $500 $750 Variable costs $390 $415 The company can manufacture either 3 futons per machine hour or 1 recliner(s) per machine hour. The company's production capacity is 3,000 machine hours per month What is the contribution margin ratio for futons? O A 113.64% O B. 17.8% OC. 28.21% OD. 22%
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