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Newton Manufacturing has 36,000 labor hours available for producing M and N. Consider the following information: Product M Product N Required labor time per unit
Newton Manufacturing has 36,000 labor hours available for producing M and N. Consider the following information: Product M Product N Required labor time per unit (hours) 2 3 Maximum demand (units) 6,100 8,600 Contribution margin per unit $ 9.00 $ 9.30 Contribution margin per labor hour $ 4.50 $ 3.10 If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate?
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$54,150.
$125,880.
$128,680.
$134,880.
None of the answers is correct.
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