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PLEASE HELP!!!! I ONLY HAVE ONE HOUR!!! PLEASE NO handwritting - SPREADSHEET ONLY!!! Will give thumbs up for correct and complete answer!!! Barry Minkow has
PLEASE HELP!!!! I ONLY HAVE ONE HOUR!!!
PLEASE NO handwritting - SPREADSHEET ONLY!!!
Will give thumbs up for correct and complete answer!!!
Barry Minkow has found that the company's line of computer desks and chairs has become very popular, and he is finding it hard to keep up with demand. He knows that he cannot fill all of his orders for both items, so he decides she must determine the optimal sales mix given the resources he has available. Information about the desks and chairs follows. Desks $1,125 500 $ 625 Chairs $ 375 200 Selling price per unit Variable costs per unit Contribution margin per unit Direct labor hours per unit Expected demand for next quarter $ 175 5 hours 175 desks 4 hours 50 chairs Barry has determined that he only has 1,015 direct labor hours available for the next quarter and wants to optimize his contribution margin given the limited number of direct labor hours available. Required: Determine the optimal sales mix and the contribution margin the business will earn at that sales mix. (Round per unit amounts to 2 decimal places.) Desks Chairs Contribution per direct labor hour Desks Chairs Total 175 50 Maximum number of units to be sold Hours required to produce maximum units For most profitable sales mix Desks Chairs Total Hours dedicated to the production of each product 1,015 Units produced for most profitable sales mix Contribution margin per unit Total contribution margin
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