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
Fed [463]
3 years ago
9

Consider the following production and cost data for two products, Q and P: Product Q Product P Contribution margin per unit $35

$40 Machine minutes needed per unit 7 minutes 5 minutes A total of 14,700 machine minutes are available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period
Business
1 answer:
hammer [34]3 years ago
4 0

Answer:

Total contribution =$117,600

Explanation:

<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource . </em>

<em>The business outfit should rank its products using contribution per minute of constraint </em>

This is done as follows:

Product                                               Q                 P

Contribution margin                         35                40

Machine hours /unit                          7                  5

Contribution /minutes                         5                 8

Ranking for production                      2nd           1st

Note contribution per minute = contribution per unit/minutes required

<em>Allocation of machine hours</em>

All the 14,700 machine hours should be allocated to the production of product P. Doing so would produce a total maximum contribution equals to

Total contribution : machine hours ×  contribution per machine hr

Total contribution = 8× 14,700 =  117,600  

Total contribution =$117,600  

You might be interested in
Two firms compete by advertising. Given the payoff matrix to this advertising​ game, identify each​ firm's best response to its​
Yuki888 [10]

Answer:

If Firm 2 does not advertise, Firm 1 should advertise

If Firm 2 advertises, then Firm 1 should also advertise

Firm 1 dominant strategy is to advertise

Firm 2 dominant strategy is to advertise

1. A. Nash equilibrium is for both Firms to advertise.

Explanation:

Nash equilibrium is a state where interactions by different firms in a matrix is involved. No firm can gain by a unilateral change of strategy if other firm does not changes its strategy. It is a situation where there is optimal when there is no deviation from the initial strategy. Here firm 1 can by advertise and Firm 2 can also optimize by advertising.

3 0
3 years ago
Kingbird Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for long-
sergey [27]

Answer:

a) 2021 year income: 526,540

b) journal entries

income tax expense    225.660‬ debit

    income tax deferred liability (*1)  49.650‬ debit

    income tax payable    176.010‬ credit

Explanation:

Year   Accounting Tax purpose Difference

2020 752200 586700 165500

2021 683500 444700 238800

2021

752,200 x 30% = 225,660

after tax income: 526.540‬

2022

683,500 x 30% = 205,050

after tax income:   478.450‬

We recognize the income tax expense n the accounting method of revenue/expense recognizition

while, the payable will use the goverment purposes.

Then, the differnce wi considered either income tax deferred.

*1 it is a liability as the company is paying lower taxes to day to pay more than before.

3 0
3 years ago
Career question #35 easy
Ganezh [65]
It is c because ruir
7 0
2 years ago
Ethical constraints allow companies to ______. A. Give employees bonuses b. Show employees trust c. Fire employees easily d. Exc
kipiarov [429]
Ask if go of do of go off
4 0
2 years ago
One bag of flour is sold for $1.50 to a bakery, which uses the flour to bake bread that is sold for $4.00 to consumers. a second
ale4655 [162]
GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time. 

Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.

The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.

In this scenario, the GDP for the two products being sold to a customer is $6.00.
3 0
3 years ago
Other questions:
  • After a tax is imposed on the market for bottled water, the price buyers pay is $2.50 per bottle and the price sellers receive i
    11·2 answers
  • The ___________________ is the part of the labor-management agreement that states that employees who receive union benefits must
    10·1 answer
  • ​spicy salsa company complains to the federal trade commission (ftc) about an ad by tangy sauces inc., spicy's competitor. the f
    13·1 answer
  • How many pounds of garbage does the average american produce each day
    6·2 answers
  • What products do you think will increase in demand because of the 2020 election?
    6·1 answer
  • You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o
    5·1 answer
  • Single Plantwide Factory Overhead Rate The total factory overhead for Bardot Marine Company is budgeted for the year at $3,277,5
    9·1 answer
  • Kurt's Music has a line of credit with a local bank that permits it to borrow up to $650,000 at any time. The interest rate is .
    6·1 answer
  • The directors ofMaendeleo ltd have recently appointed an administrator to help rescue the
    11·1 answer
  • Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly prem
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!