ABC Company produces three picnic products: koolers, baskets and grills. Each product requires a limited resource of materials. A product line income statement for the year is shown below: Koolers Baskets Grills 1.500 Units Sold Sales 2,000 $360,000 2,500 $600,000 $240.000 $1.200.000 Variable expenses CM 198.000 420.000 120.000 738.000 162.000 180.000 6lbs 120,000 Total 462,000 Fixed expenses 240.000 Operating income $262,000 Materials Required: 1. In which order should the products be produced to maximize profits? 2. Assuming the company has access to 45,000 lbs of materials, how much of each unit should the company produce to maximize profits? 8lbs 4lbs Type here to search