Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer asap will upvote Colt Company owns a machine that can produce two specialized products Production time for Product TLX is three units per

Please answer asap will upvote image text in transcribed
image text in transcribed
Colt Company owns a machine that can produce two specialized products Production time for Product TLX is three units per hour and for Product MTV is five units per hour. The machine's capacity is 2.200 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 3740 units of Product TLX and 5355 units of Product MTV Selling prices and variable costs per unit to produce the products follow, per unit Product TX Product HIV Selling price per unit $13.50 $8.10 Variable costs per unit 4.85 4.36 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.) 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.) Product LX PMV Contribution margin per unit Contribution margin per production hour Total Product LX 3,740 Product MTV 5.155 Maximum number of units to be sold - Hours required to produce maximum units Product TLX Product MTV Total For Most Profitable Sales Mix Hours dedicated to the production of each product Units produced for most profitable sales me Contribution margin per unit Total contribution margin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jane L. Reimers

1st Edition

0131492012, 978-0131492011

More Books

Students also viewed these Accounting questions

Question

Explain why the light-year has the dimension of length.

Answered: 1 week ago

Question

discuss the importance of ethical practice for the HR profession;

Answered: 1 week ago

Question

reference your work in a credible way.

Answered: 1 week ago

Question

read in a critically evaluative way;

Answered: 1 week ago