Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 Pharoah Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on

image text in transcribed
image text in transcribed
Question 3 Pharoah Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on machines that were recently purchased for this purpose. The machines have a maximum capacity of 6,000 machine hours, and no other products that the company makes use these machines out machine time to produce enough to meet the Sarah Jacob, the company's operation manager is preparing the production schedule for the coming more and can't seem to find customer demand that the marketing department has included in the sales budget Michael Stoner, the company's controller, has gathered the following information about the two products: Dumbbell Rack Weight Bench 559 Selling price per unit Direct materiais Direct labor Variable overhead ed overhead Profit per un Unit sales demand Machine hours per unit 7,000 0.80 0.50 (b) Your answer is correct How should Sarah allocate the 6,000 available machine hours between the two products so that Pharoah maximizes its profits? Machine Hours Weight Bench 4000 Dumbbell rack 2000 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO (c) x Your answer is incorrect. Try again. What total contribution margin will Pharoah realize based on your answer to part (b)? 248000 248000 Total contribution margin $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions