Question
Please assist with answering this question and show the work as to how the answer was found. Decision making #2-Use of Limited Resources-Singe Constraint Bush
Please assist with answering this question and show the work as to how the answer was found.
Decision making #2-Use of Limited Resources-Singe Constraint Bush Manufacturing has 25,000 labor hours available for producing M and N. Consider the following information: M N Required Labor per unit in hours 4 2 Maximum demand in units 8,000 7,000 Contribution Margin per unit $8 $6.00 Required: What is the optimal product mix(how many M and N should be produced)? Explain your answer and show computations. You must tell me how many of Product M and N should be produced.
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