Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 Homework Satrims.mheducation.com%252Fmghmiddleware%252FmheproductsN202 Saved Outdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below.
3 Homework Satrims.mheducation.com%252Fmghmiddleware%252FmheproductsN202 Saved Outdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below. Selling price per unit Variable cost per unit Ski Guard $240 $ 120 Golf Guard $330 $ 180 Plastic injection molding machine processing time required to produce one unit. Pounds of plastic pellets por unit 11 minutes 9 pounds 8 minutes 6 pounds Required: Fishing Guard $285 $130 15 minutes 15 pounds 1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product? 2. Which product offers the most profitable use of the plastic injection molding machine? 3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? 4. Which product offers the most profitable use of the plastic pellets? 5. Which product has the largest contribution margin pe it? Complete this question by entering your answer the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Help S If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product? (Round your final answers to 2 decimal places.) Contribution margin per minute of the constrained resource Ski Guard per minute Golf Guard per minute: Fishing Guard per minute Required 1 Required 2 > QUIDoor Luggage, incorporated, makes gremo naru-sided luggage ur sports equipment La concerning are or we company's most popular models appear below. Ski Guard Selling price per unit Variable cost per unit $ 240 $120 Plastic injection molding machine processing time required to produce one unit 11 minutes Pounds of plastic pellets per unit 9 pounds Required: Golf Guard $330 $ 100 8 minutes 6 pounds Fishing Guard $285 $130 15 minutes 15 pounds Renn to que 1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product? 2. Which product offers the most profitable use of the plastic injection molding machine? 3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? 4. Which product offers the most profitable use of the plastic pellets? 5. Which product has the largest contribution margin per unit? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record 5 If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? (Round your final answers to 2 decimal places.) Contribution margin per pound of the constrained resource Ski Guard per pound Golf Guard per pound Fishing Guard per pound
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started