Glover Company makes three products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Unit product cost Product A B $33.20 $49.70 $56.10 20.60 23.20 14.00 1.60 1.00 0.50 13.10 8.70 9.30 $68.50 $82.60 $79.90 Additional data concerning these products are listed below. Mixing minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units Product B 1.60 0.80 0.10 $62.00 $84.40 $77.90 $ 1.00 $ 1.50 $ 1.90 2,400 3,700 1,700 The mixing machines are potentially the constraint in the production facility. A total of 6,870 minutes are available per month on these machines. Direct labor is a variable-cost in this company. Required: a. How many minutes of mixing machine time would be required to satisfy demand for all three products? b. How much of each product should be produced to maximize net operating income? c. Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? Complete this question by entering your answers in the tabs below. Required A Required B Required How many minutes of mixing machine time would be required to satisfy demand for all three products? Total minutes required Required Required A Required B Required C How much of each product should be produced to maximize net operating income? (Round final answers to the nearest w unit.) B C Optimal production Required A Required B Required Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? (Round your intermediate calculations and final answer to 2 decimal places) Maximum amount Glover Company makes three products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Unit product cost Product A B $33.20 $49.70 $56.10 20.60 23.20 14.00 1.60 1.00 0.50 13.10 8.70 9.30 $68.50 $82.60 $79.90 Additional data concerning these products are listed below. Mixing minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units Product B 1.60 0.80 0.10 $62.00 $84.40 $77.90 $ 1.00 $ 1.50 $ 1.90 2,400 3,700 1,700 The mixing machines are potentially the constraint in the production facility. A total of 6,870 minutes are available per month on these machines. Direct labor is a variable-cost in this company. Required: a. How many minutes of mixing machine time would be required to satisfy demand for all three products? b. How much of each product should be produced to maximize net operating income? c. Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? Complete this question by entering your answers in the tabs below. Required A Required B Required How many minutes of mixing machine time would be required to satisfy demand for all three products? Total minutes required Required Required A Required B Required C How much of each product should be produced to maximize net operating income? (Round final answers to the nearest w unit.) B C Optimal production Required A Required B Required Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? (Round your intermediate calculations and final answer to 2 decimal places) Maximum amount
