Data table Requirements 1. Which product should Storage Solutions emphasize? Why? 2. To maximize profits, how many of each size bin should Storage Solutions produce? 3. Given this product mix, what will the company's operating income be? The company makes two sizes of bins: large ( 50 gallon) and regular ( 35 gallon). Demand for the products is so high that Storage Solutions can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can only be run for 3,000 hours per period. Storage Solutions can produce 12 large bins every hour, whereas it can produce 15 regular bins in the same amount of time. Fixed costs amount to $95,000 per period. Storage Solutions produces plastic storage bins for household storage needs. Sales prices and variable costs are as follows: (Click the icon to view additional information.) (Click the icon to view the costs.) Read the requirements. Requirement 1. Which product should Storage Solutions emphasize? Why? Complete the product mix analysis to determine the contribution margin per machine hour. Which product should Storage Solutions emphasize? Why? Storage Solutions should emphasize the production of because this product has the higher Requirement 2. To maximize profits, how many of each size bin should Storage Solutions produce? (Enter a "0" for any zero amounts.) Storage Solutions should spend machine hours making regular size bins, and machine hours making large size bins. Requirement 3 , Given this product mix what will the company's onerating income be? Requirement 3 . Given this product mix, what will the company's operating income be? Data table Requirements 1. Which product should Storage Solutions emphasize? Why? 2. To maximize profits, how many of each size bin should Storage Solutions produce? 3. Given this product mix, what will the company's operating income be? The company makes two sizes of bins: large ( 50 gallon) and regular ( 35 gallon). Demand for the products is so high that Storage Solutions can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can only be run for 3,000 hours per period. Storage Solutions can produce 12 large bins every hour, whereas it can produce 15 regular bins in the same amount of time. Fixed costs amount to $95,000 per period. Storage Solutions produces plastic storage bins for household storage needs. Sales prices and variable costs are as follows: (Click the icon to view additional information.) (Click the icon to view the costs.) Read the requirements. Requirement 1. Which product should Storage Solutions emphasize? Why? Complete the product mix analysis to determine the contribution margin per machine hour. Which product should Storage Solutions emphasize? Why? Storage Solutions should emphasize the production of because this product has the higher Requirement 2. To maximize profits, how many of each size bin should Storage Solutions produce? (Enter a "0" for any zero amounts.) Storage Solutions should spend machine hours making regular size bins, and machine hours making large size bins. Requirement 3 , Given this product mix what will the company's onerating income be? Requirement 3 . Given this product mix, what will the company's operating income be
