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drek231 [11]
3 years ago
12

Coronado Industries can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution m

argin of $80 and takes two machine hours to make and Fancy has a unit contribution margin of $93 and takes three machine hours to make. There are 2400 machine hours available to manufacture a product. What should Coronado do?
Business
1 answer:
Step2247 [10]3 years ago
6 0

Answer:

It will be better to produce all the units of Plain we can sell, then use any remaining machine hours to produce Fancy. This is because Plain, generated more contribution per hour than Fancy.

Explanation:

We have to calculate the Contribution Margin per machine hours

This means check which product makes a better use of the scarse resourse

\frac{Plain\: CM}{Plain \: Machine \: Hours } = CM \: per \:Machine\:Hour\\\\ 80 \div 2 = 40

\frac{Fancy\: CM}{Fancy\: Machine \: Hours } = CM \: per \:Machine\:Hour\\\\ 93 \div 3 = 31

It will be better to produce all the units of Plain we can sell, then use any remaining machine hours to produce Fancy

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suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi
rusak2 [61]

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

6 0
3 years ago
Hardy Inc. has two operating departments (1 and 2) and is considering renting a new machine to help automate the printing proces
gayaneshka [121]

Answer:

$6,900

Explanation:

When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.

Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900

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3 years ago
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Explanation: The modern and recent trends and legislation which dwell more on preventive medicine and make medical care available and affordable to the everyone will help to improve the overall well being of people.

ACA (AFFORDABLE CARE ACT) which people also call the ''Obama care'' was founded in the year 2010, through a Bill passed by 111th Congress of the United States is aimed that helping to subsidize health care and make it affordable to the poor.

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<h3>What is crowdsourcing?</h3>

It refers to a massive collaboration provided by individuals who are not part of an entity or institution.

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Therefore, we can conclude that according to the research, crowdsourcing is the open technique that involves generating insights based on ideas from massive numbers of people.

Learn more about crowdsourcing here: brainly.com/question/14490967

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