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Danny Dolittle makes crafts in his spare time and always sells everything he makes at local craft shows. Danny specializes in four products. Because Danny's
Danny Dolittle makes crafts in his spare time and always sells everything he makes at local craft shows. Danny specializes in four products. Because Danny's time is limited before the next craft show, he is trying to decide how to use his time to the best advantage. Information related to the four products that Danny produces are shown below: Rag Dolls $8 40% Pot Holders $2 25% Contribution margin per unit Contribution margin ratio Time required per unit (in hours) Rank the products from the most profitable to the least profitable use of the constrained resource. 1.4 Bread Baskets $ 12 0.5 32% 3.5 Finger Puppets $6 30% 2.0
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