need 2a, 2b & #3

Heritage Watercraft makes reproductions of classic wooden boats. The bottleneck in the production process is fitting wooden planks to build up the curved sections of the hull. This process requires the attention of the shop's most experienced craftsman. A total of 2,000 hours is available per year in this bottleneck operation. Data concerning the company's four products appear below: Adirondack Lake Huron Oysterman Voyageur Unit contribution margin $600 $720 $1.014 $784 Annual demand (units) 120 160 Hours required in the bottleneck operation per unit 13 & 120 110 No fixed costs could be avoided by modifying how many units are produced of any product or even by dropping any one of the products. Required: 1a. Calculate the total hours required in the bottleneck operation to satisfy demand for all the products. Voyageur Total Adirondack Lake Huron Oysterman 120 120 110 Annual demand in units 160 Hours required in the bottleneck operation per unit 5 8 13 8 Total hours required in the bottleneck operation 600 960 1,430 1,280 4.270 1b. Is there sufficient capacity in the bottleneck operation to satisfy demand for all products? Yes No 2a. Rank the profitability of each product line for the year based on the profitability index. Adirondack Lake Huron Oysterman 1,014 600 720 Voyageur 784 8 5 8 13 Unit contribution margin Hours required in the bottleneck operation per unit Profitability index Rank based on profitability index 120 90 78 98 Rank 1 Rank 3 Rank 4! Rank 2 2b. What is the optimal production plan for the year? Adirondack model Voyageur model Lake Huron model 600 units 784 units 720 units 3. What would be the total contribution margin for the optimal production plan you have proposed? Adirondack Lake Huron Oysterman Voyageur Total S 0