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
vfiekz [6]
2 years ago
7

Logan Company can sell all of the standard and premier products they can produce, but it has limited production capacity. It can

produce 6 standard units per hour or 5 premier units per hour, and it has 39,000 production hours available. Contribution margin per unit is $21 for the standard product and $25 for the premier product. What is the most profitable sales mix for Logan Company
Business
1 answer:
bekas [8.4K]2 years ago
5 0

Answer:

234,000 standard units

Explanation:

                                                                     Standard unit   Premier unit

Contribution margin per unit                            $25                   $21

Production hour per unit                                   1/6                     1/5

Contribution margin per production hour     $150                $105

Contribution margin per production hour is higher for standard units, hence Logan company should produce standard units.

Total production hours available = 39,000

Production per hour of standard unit = 6

Maximum production of standard units = Total production hours available * Production per hour of standard unit

Maximum production of standard units = 39,000 * 6

Maximum production of standard units = 234,000

You might be interested in
Interest rates on 3-year Treasury securities are currently 1.92%, while 10-year Treasury securities yield 5.62%. If the pure exp
FromTheMoon [43]

Answer: 7.24%

Explanation:

From the question, we are told that:

3 years treasury securities have an interest rate = 1.92%

10 years treasury security has an interest rate = 5.62%

Let the 7 year treasury security interest in 3 years be represented by z.

Based on the expectation theory

( 1+1.92%)^3 × (1 + z%)^7 = (1 + 5.62%)^10

(1+0.0192)^3 × (1 + z%)^7 = (1 + 0.0562)^10

(1.0192)^3 (1 + z%)^7 = (1.0562)^10

1.05871(1 + z%)^7 = 1.72767

Divide both side by 1.05871

(1 + z%)^7 = 1.72767/1.05871

(1 + z%)^7= 1.6319

1 + z% = 1.6319^1/7

1 + z% = 1.6319^0.1429

1 + z% = 1.0724

z% = 1.0724 - 1

z% = 0.0724

We then convert the decimal to percentage

z = 7.24%

The market believes that 7-year Treasury securities will be yielding 7.24% in 3 years .

3 0
3 years ago
Because of the substitution problem, the cpi tends to overstate the true change in the price of the typical basket of consumer g
butalik [34]

It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.

<h3>What is CPI?</h3>
  • A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
  • The measured CPI fluctuates to reflect changes in prices over time.
  • One of the most popular methods for determining inflation and deflation is the CPI.
  • An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
  • The decision to raise or cut interest rates is crucial among these.
  • If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.

Learn more about CPI here:

brainly.com/question/14453270

#SPJ4

7 0
1 year ago
In which journal would a customer's partial payment on account be recorded?
olga55 [171]

Answer:

Its real account

Cash A/C.....Dr

Debtor A/C....Dr

To Creditors A/C....

4 0
3 years ago
Read 2 more answers
Jennifer owns a pig farm near​ Salina, Kansas. Last year she earned​ $39,000 in total revenue while incurring​ $38,000 in explic
leonid [27]

Answer:

Jennifer earned an accounting profit of  $1,000 and economic loss of $26,000

Explanation:

Total revenue for Jennifer is $39,000.  

Explicit costs incurred is $38,000.  

The implicit cost or opportunity cost involved is $27,000.

Accounting profit takes into account explicit costs only. It does not include implicit costs involved in the production process.  

Jennifer has earned an accounting profit of

= Total revenue - Explicit costs

= $39,000 - $38,000

= $1,000

Economic profit takes into account the explicit cost as well as implicit cost.  

The economic profit earned

= Total revenue - Total costs

= $39,000 - ($38,000 + $27,000)

= - $26,000

7 0
3 years ago
In a production operation of an electronics firm, a company manufactures I/O circuit chips that is used in a final assembly proc
Feliz [49]

Answer:

defective

Explanation:

In an electronic firm it is necessary to keep check for every circuit as they turn out to be defective. There can be minor error is circuit formation but this will be considered as defective because circuits are very sensitive and even minor error can lead to short circuits which could lead to a disaster. It is necessary for a firm to keep track and quality of every circuit should be checked.

3 0
3 years ago
Other questions:
  • Zanda Corp. wants to have a process structure that has cost advantages similar to continuous or repetitive processes, but wants
    7·1 answer
  • Operating a summer band camp - what would be the input - the conversion, and the output?
    6·2 answers
  • Which of the following is a long-term consequence of mining on the Earth?
    9·2 answers
  • A commercial airline is registered in the United States. The airline transports paying passengers on a non-stop flight originati
    6·1 answer
  • Inventory records help determine how many items of material, components, and subassemblies need to be ordered to make the final
    15·1 answer
  • In the instrumental exchange stage, _____. A.your primary concern will be to avoid trouble for yourself B. you will stick to you
    13·1 answer
  • Companies operating in a highly automated environment that produce many different products with varying levels of production sho
    9·1 answer
  • A food service operation that is concerned with sourcing asks suppliers detailed questions about _____ the food is produced. A.
    7·2 answers
  • Culver Co. purchased land as a factory site for $440,000. The process of tearing down two old buildings on the site and construc
    14·1 answer
  • Curly Fries Inc. grants its agent Dian an exclusive territory in which to sell its products. The company cannot compete with Dia
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!