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Damm [24]
2 years ago
5

Grover Corp. manufactures three products, and is currently facing a labor shortage. The selling price, costs, and labor requirem

ents of the three products are as follows: Product A Product B Product C Selling price $ 44.00 $ 18.00 $ 28.50 Variable cost per unit $ 28.00 $ 15.00 $ 27.00 Direct labor hours per unit 2.00 1.50 .50 In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage
Business
2 answers:
Svetradugi [14.3K]2 years ago
5 0

Answer:

A, C, B

Explanation:

Calculation to determine In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage

Product A Product B Product C

Selling price $ 44.00 $ 18.00 $ 28.50

Less Variable cost per unit

$ 28.00 $ 15.00 $ 27.00

=Contribution margin per unit

$16.00 $3.00 $1.50

÷Direct labor hours per unit 2.00 1.50 .50

=Contribution margin per labor hour

$8.00 $2.00 $3.00

PRODUCT A=$16.00÷2.00

PRODUCT A=$8.00

PRODUCT B=$3.00÷1.50

PRODUCT B=$2.00

PRODUCT C=$1.50÷.50

PRODUCT C=$3.00

RANKING:

PRODUCT A=$8.00

PRODUCT C=$3.00

PRODUCT B=$2.00

Therefore based on the above calculation the order that Grover Corp.should prioritize production of its products to maximize profit during the labor shortage will be from the highest Contribution margin per labor hour to the lowest which are A,C,B

viktelen [127]2 years ago
5 0

Answer: A, C, B.

Explanation:

To solve this question based on the information given goes thus:

The Contribution margin per labor hour for Product A will be:

= ($44 - $28) / 2.0

= $16/2.0

= $8

The Contribution margin per labor hour for Product B will be:

= ($18 - $15) / 1.50

= $2

The Contribution margin per labor hour for Product C will be:

= ($28.50 - $27) / 0.50

= $1.50/0.5

= $3

Therefore, the order that Grover Corp. should use to prioritize production of its products to maximize profit during the labor shortage will be:

A, C, B.

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The annual rate will increase with the greatest speed from year 1 to year 3.

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4 0
1 year ago
The variance of a sample of 121 observations equals 441. The standard deviation of the sample equals 1.91. 231. 21. 11.
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The standard deviation of sample equals: 11

Explanation:

Given:

                                 variance of sample (S^{2}) = 121

                                 no, of observations made = 441

                                         standard deviation = ?

By using the formula:

                          Standard deviation (S) = \sqrt{variance}

                                                                 = \sqrt{S}

                                                                 = \sqrt{121}

                                                                 = 11

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A ________________ is linked to the organization’s hierarchy, with some shift of power to team; the leader has limited manageria
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A team is linked to the organization's hierarchy,

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-Dominant- [34]

Answer:

The first term of an arithmetic sequence is 10 and its common difference is

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