1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
salantis [7]
3 years ago
11

The company estimates that it can sell 800 units of each product per month. The same raw material is used in each product. The m

aterial costs $3 per pound with a maximum of 5,400 pounds available each month. Required: 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Which orders would you advise the company to accept first, those for A, B, or C
Business
1 answer:
sesenic [268]3 years ago
6 0

Answer and Explanation:

1. The computation of contribution margin per pound is shown below:-

                                         Product A       Product B      Product C

Contribution margin per unit  $35.20              $11.60    $24.00

Direct materials                       $26.40              $12.00     $12.00

Material cost                              $3                     $3           $3

Material per unit                       $8.80                 $4.00      $4.00

                                ($26.40 ÷ $3)    ($12.00 ÷ $3)   ($12.00 ÷ $3)

Contribution margin per pound $4                    $2.90              $6

                        ($35.20 ÷ $8.80)        ($11.60 ÷ 4.00)      ($24.00 ÷ $4.00)

2.

Product A    Second

Product B    Third

Product C     First

You might be interested in
Man is termed an 'economic animal' because he a) has the ability to understand economic activities b) lives a life which is gove
Vinvika [58]

Answer:

The conception of man as an economic animal is implied by the view that economic production is the determining “factor” or “sphere” of man or society. Against this conception can be put another, that of man as praxis. This takes account of man as a creative being, capable of realizing his freedom through his own activity. In this article the theory of the determining role of the “economic factor”, and the theory of factors in general have been examined. The economic interpretation of history, a variant of the theory of factors, has been acknowledged as partly true for the self‐alienated man and society, but the theory of factors in any variant has been found inadequate as a general theory of man, or society. The possibility of freedom cannot be reduced to the fact that the determining roles played by “factors”, vary, or to the hope that the economic “factor” can be subordinated to a “better” one. Man's freedom consists in his resolving the conflict of “factors”, and in realizing himself as an integral creative being, no longer split into independent and mutually opposed spheres.

Explanation:

that should help

5 0
3 years ago
Newton Corporation entered into the following transactions during its first year of operations. (Assume all transactions involve
makkiz [27]

Answer:

Newton Corporation

Net income for the year = $120

Explanation:

a) Data and Calculations:

Direct materials cost =   $400

Direct labor cost =            800

Manufacturing overhead 400

Total manufacturing cost $1,600

Cost per unit = $8

Ending Inventory of finished goods = 150 units * $8 = $1,200

Cost of goods sold = 50 * $8 = $400

Sales revenue = 50 * $12 = $600

Newton Corporation

Income Statement

For the year ended December 31:

Sales Revenue     $600

Cost of goods sold 400

Gross income       $200

Selling & Admin.

 expense                 80

Net Income          $120

b) Newton Corporation's net income is the difference between the Sales Revenue, cost of goods sold and selling and administrative expenses.

8 0
3 years ago
What to argue about financial literacy​
jasenka [17]

Answer: Finance Course Prompts Debate,” argues that “the $600,000 is a low cost if the [financial literacy program] is effective. An

effective course will return that investment,” speaking in reference to the cost of the program. Courses, especially financial

literacy, greatly give back on investments made in them by using the students’ education gained from the class.

Explanation:

5 0
3 years ago
What type of spacing should you use for a cover letter?
Irina-Kira [14]

Answer:

single spacing

Explanation:

3 0
3 years ago
Read 2 more answers
A project organization structure where team members report to a functional manager as well as to the project manager is called A
Dafna11 [192]

Answer:

A. a matrix structure.

Explanation:

A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach. This simply means, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.

The matrix organizational structure can be classified into three (3) categories, these are;

1. Weak matrix structure.

2. Balanced matrix structure.

3. Strong matrix structure.

In project management, a strong matrix is also known as the project matrix and it basically refers to a matrix project that is significantly similar or having close resemblance with the pure project. In the strong matrix structure, the project manager controls most of the project activities and functions, including the assignment and control of project resources.

This ultimately implies that the project manager primarily holds a full-time role and has a sole authority, and as such control the budget. The role of the functional manager is usually minimal.

Hence, a project organization structure where team members report to a functional manager as well as to the project manager is called a matrix structure.

8 0
3 years ago
Other questions:
  • Generally accepted accounting principles are procedures and guidelines to be followed in the accounting/reporting process.
    13·1 answer
  • :) Help me please. Thanks
    14·1 answer
  • If a mining company extracts 1,500,000 tons in a period but only sells 1,200,000 tons,
    14·1 answer
  • The people Kayla works with call her bad names and harass her because she has a speech impairment. This happens every day. Her b
    5·2 answers
  • Evaluate a. "If banks increase their excess reserves, the monetary base will increase. If the monetary base increases, the money
    14·1 answer
  • Dwayne has renters insurance that he must pay twice a year. If each payment is $84, how much money should he set aside each mont
    12·2 answers
  • ABC Company has the following trial balances on 12/31/20x1 and 12/31/20x0: December 31 20x120x0 Cash35,00032,000 Accounts Receiv
    7·1 answer
  • During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purcha
    10·1 answer
  • Which of the following decisions is part of the HR function of compensation?
    13·1 answer
  • Describe What You Will Use The Money For?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!