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need it asap Textiles Corp. is currently determining its product mix but is constrained by the number of machine hours available. Textiles Corp. makes one
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Textiles Corp. is currently determining its product mix but is constrained by the number of machine hours available. Textiles Corp. makes one style each of a hat. shirt and pants. There is a minimum quantity of 1,000 and a maximum quantity of 10,000 units for each of these products. Available machine hours are 10.000 hours per year. Below is information for each product: Selling price Variable cost per unit Machine hours per unit Hat $ $ 10.00 6.00 2.00 Shirt $ 5 20.00 12.00 2.50 Pants 525.00 5 14.00 3.00 a. Calculate the contribution margin per constraint for each product b. What product mix should be used to maximize operating income? (e. how many units of each product should be produced!) Step by Step Solution
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