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John Inc. Has 5,000 Labor hours available each month. The following information on the company's three products is available: Product 1 Product 2 Product 3
John Inc. Has 5,000 Labor hours available each month. The following information on the company's three products is available:
Product 1 Product 2 Product 3
Contribution Margin per Unit : $40.00 $50.00 $26.00
Labor Hours per Unit: 3 2 1
Sales Demand in Units: 900 1,000 3,000
Answer the following Question:
Question Part A: What production schedule will maximize the company's profits?
Question Part B: What will be the maximum possible contribution margin?
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