The question is reproduced in the table below for clarity
Oven Contribution
Hours Required Margin Per Unit
Muffins 0.2 $4
Coffee Cakes 0.3 $5
Answer:
Total contribution margin = $ 60,000.00
Explanation:
<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that it maximizes the contribution per unit of the scare resource.</em>
Therefore Crane Company should alocate the oven hours to maximise the contribution per unit of oven hour. This is done as follows:
Step 1
<em>Calculate he contribution per oven hour and rank the product</em>
cont/hr ranking
Muffin $4/0.2 hour = 20 <em> 1st</em>
Coffee cakes $5/0.3 hour= 16.67 2nd
<em>Because Muffin generates the highest contribution per hour of Oven, Crane should allocate all the resource to it</em>
Step 2
<em>Calculate the Total contribution from the production of Muffin</em>
Total contribution margin = 20 per her × 3000
= $ 60,000.00
Answer:
Thomas Edison
Explanation:
Thomas Edison early life was very normal. He was born in a poor family. His mother was a school teacher. Thomas Edison did not get recognition until he was successful in inventing the bulb. He did many experiment which failed and no one supported him during this era. He continued his hard work and finally his one of experiment became successful and he invented a bulb. The world then recognized his efforts and made him a hero. His recognition was only based on the success of his experiment and the marketplace.
a balance achieved between two desirable but incompatible features; a compromise.
Answer:
Sep 6 Debit inventory $ 1740, Credit Accounts payable $1740
Sep 9 Debit inventory $40 , Credit freight expense $40
Sep 10 Debit Accounts payable $56, Credit inventory $56
Sep 12 Debit Accounts receivable $650, Credit Revenues $650
Debit Cost of Sales $450, Credit Inventory $450
Sep 14 Debit Sales return $45, Credit Accounts Receivable $45
Debit Inventory $34, Credit Cost of sales $34
Sep 20 Debit Accounts receivable $730, Credit Revenues $730
Debit Cost of Sales $560 , Credit Inventory $560
Explanation:
The Question is incomplete but its nature shows that it requires journal entries for The Sep month transactions.
