Homework Answers
Correct answer-----------(b) $120,000
Working
| Data for Calculations and Statement of Ranking | ||
| Standard | Deluxe | |
| Contribution Margin | $ 40.00 | $ 120.00 |
| Labor hour per unit | 2.00 | 3.00 |
| Contribution margin per labor hour | $ 20.00 | $ 40.00 |
| Rank | II | I |
.
| Statement of Optimum production | |||
| Labor hour required | Units to be produced | Labor hour consumed | |
| Standard | 2.00 | 600 | 1200 |
| Deluxe | $ 3.00 | 800 | 2400 |
.
| Standard | Deluxe | Total | |
| Contribution margin per unit | 600 | 800 | |
| Units sold | $ 40.00 | $ 120.00 | |
| Contribution margin | $ 24,000.00 | $ 96,000.00 | $ 120,000.00 |
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expanding the plant. They are deciding which product line to
emphasize. To make this decision, they assemble the following
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