Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer asap for a like Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comify Fit Company manufactures two types of
answer asap for a like
Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comify Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardiess of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leasest seven machines that esch provides 1,000 hours of machine time per year, Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30 minutes of machine time. Assume that a maximum of 49,100 units of each sweatshirt can be sold. Required: If required, round your answers to the nearest whole number, 1. What is the contribution margin per hour of machine time for each type of sweatshirt? 2. What is the optimal mix of sweatshirt? 3. What is the total contribution margin eamed for the ootimal mix 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