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3 years ago

Selling price $

Business

1 answer:

Kipish [7]3 years ago

5 0

Answer:

<h2><u>Requirement 1: </u></h2><h3><u>Calculate the contribution margin per pound of the constraining resource for each product.</u></h3>

Contribution margin per Pound of Raw material:

Product A: $4.00

Product B: $2.50

Product C: $7.40

<h2><u>Requirement 2:</u></h2><h3><u>Which orders would you advise the company to accept first, those for A, B, or C?</u></h3>

Product ranking:

Product C: (I)

Product A: (II)

Product B: (III)

<h2><u>Requirement 3:</u></h2><h3><u>What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 5,400 pounds of materials?</u></h3>

Maximum contribution = $29,250

Explanation:

Workings are attached in the tabular form.

Note: The product with highest contribution margin per pound of raw material should be made first .

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3 years ago

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2 years ago

The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase con

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2 years ago

The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1,600 boxes to maximize its profits. What is t

erik [133]

Answer:

Profit per box of crawfish $0.25

Explanation:

To calculate the Total profit, we can solve the expression;

Total profit=Total selling price-Total purchase price

where;

Total purchase price=(Variable cost per box×number of boxes purchased)+Total fixed costs

Total purchase price=(1×1600)+1,200=$2,800

Total selling price=Selling price per box×number of boxes

Total selling price=(2×1600)=$3,200

replacing in the expression;

Total profit=Total selling price-Total purchase price

Total profit=($3,200-$2,800)=$400

Total profit=$400

To calculate the profit per box;

Total profit=profit per box(p)×number of boxes sold

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3 years ago

The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9200 pounds of direct materials that actua

Andrews [41]

Answer:

the direct material quantity variance is $5,000 favorable

Explanation:

The computation of the direct material quantity variance is shown below:

Direct material quantity variance is

= (Actual quantity - standard quantity) × standard price

= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound

= (9,200 pounds - 10,200 pounds) × $5 per pound

= $5,000 favorable

hence, the direct material quantity variance is $5,000 favorable

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2 years ago