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Bush Manufacturing has 28,000 labor hours available for producing M and N. Consider the following information: M N Required Labor per unit in hours 4

Bush Manufacturing has 28,000 labor hours available for producing M and N. Consider the following information:

M N
Required Labor per unit in hours 4 3
Maximum demand in units 7,000 6,000
Contribution Margin per unit 8 7.5

What is the optimal product mix(how many M and N should be produced)? Explain your answer and show computations.

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