Please help me solve for maximum contribution margin. Thank you!!!
Check my work mode : This shows what is correct or incorrect for the work you have completed so for. It does not Exercis 1 2 Volume Trade-Off Decisions [L011-5] Benoit Company produces three products-A. B. and C. Data concerning the three products follow Selling price Variable expenses: $ 80 $56 $70 Direct materials 24 159 Other variable expenses Total variable expenses Contribution margin Contribution margin ratio 2427 42 48 32 $14 21 46% 3e% 25% The company estimates that it can sell 800 units of each product per month. The same raw material is used in each pr material costs $3 per pound with a maximum of 5.000 pounds available each month. (Hint use the dollar amount in Direct Materials above, to determine the pounds needed to make each product) oduct. The Required: 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Whi 3. What is t materials? ch orders would you advise the company to accept first, those for A, B. or C? Which orders second? Third? he maximum contribution margin that the company can earn per month if it makes optimal use of its 5,000 pounds of Answer is complete but not entirely correct. uS Wl&L Ts eOPrect or incorrect for the work you have completed so far. It does not material costs $3 per pound with a maximum of 5.000 pounds available each month. (Hint use the dollar amount in Direct M above, to determine the pounds needed to make each product) Required 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Which orders would you advise the company to accept first, those for A, B. or C? Which orders second? Third? 3. What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 5,000 pounds of materials? Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 5,000 pounds of materials? (Round your intermediate calculations to 2 decimal places.) s 28,250 K Required 2 Next> 11 of 13 K Prey to search