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I just do not know how to do this problem completely. Please help? Saveu Submit Check my work 5 Colt Company owns a machine that
I just do not know how to do this problem completely. Please help?
Saveu Submit Check my work 5 Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is five units per hour. The machine's capacity is 2,500 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 4,250 units of Product TLX and 2,325 units of Product MTV. Selling prices and variable costs per unit to produce the products follow. 4 points eBook $ per unit Selling price per unit Variable costs per unit Product TLX $12.00 3.60 Product MTV $7.20 4.32 Hint Print Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round per unit contribution margins to 2 decimal places.) References Product TLX Product MTV $ 8.40 $ 2.88 Contribution margin per unit 2 5 Contribution margin per production hour 16.80 $ 14.40 Total Product TLX 4,250 2,125 Product MTV 2,325 Maximum number of units to be sold Hours required to produce maximum units Total For Most Profitable Sales Mix Product TLX Product MTV Hours dedicated to the production of each product 2,125 Produce most profitable units until the market demand has been satisfied Mc Graw Hill Education Saved herp Check my work 5 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round per unit contribution margins to 2 decimal places.) 4 points Product TLX Product MTV Contribution margin per unit $ 8.40 $ 2.88 eBook 5 2 16.80 Contribution margin per production hour $ $ 14.40 Hint Print Total Product TLX 4,250 Product MTV 2,325 References Maximum number of units to be sold Hours required to produce maximum units 2,125 .......... Total For Most Profitable Sales Mix Product TLX Product MTV Hours dedicated to the production of each product 2,125 Produce most profitable units until the market demand has been satisfied. Units produced for most profitable sales mix 4,250 Contribution margin per unit $ 8.40 $ 2.88 Total contribution margin $ 35,700 $ 0 Mc Graw Hill EducationStep by Step Solution
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