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Fast $, Inc produces silver and gold pendants. The data are as follows: Silver Gold Price $30 $125 Material 8 35 Labor 5 73 Contribution

  1. Fast $, Inc produces silver and gold pendants. The data are as follows:

Silver Gold

Price

$30

$125

Material

8

35

Labor

5

73

Contribution Margin

Labor Hours Required

$0 .75

$1.00

Demand

100

75

Fixed Costs = $10,000; Labor hours available = 100

Are there enough labor hours to satisfy demand for both types?_____

  1. Determine the contribution margin per labor hours for each

  1. How many silver pendants and how many gold pendants would maximize profits? Prove your answer.

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