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Question Help Storage Solutions produces plastic storage bins for household storage needs. The company makes two sizes of bins Large (50 galon) and Regular (35

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Question Help Storage Solutions produces plastic storage bins for household storage needs. The company makes two sizes of bins Large (50 galon) and Regular (35 gallon). Demand for the product is so high that the compan sell as many of each size as it can produce. The same machinery is used to produce both sizes. The machinery is available for only 3,000 hours per period. The company can produce 10 Large bins every hour compared to 15 Regular bin in the same amount of time. Fixed expenses amount to $110,000 per period. Sales prices and variable costs are as follows: Click the icon to view the costs) 1. Which product should Storage Solutions emphasize? Why? 2. To maximize profits, how many of each size bin should the company produce? 3. Given this product mix, what will the company's operating income be? Data Table Sales price per unit Variable cost per unit Regular Large $ 8.10 5 10.50 3.50 $ 4.20 1. Which product should Storage Solutions emphasize? Why? Complete the product mix analysis to determine which product Storage Solutions should emphasize Storage Solutions Product Mix Analysis Regular Largo Sales price per unit Less: Variable cost per unit Contribution margin per unit Units per machine hour Contribution margin per machine hour Print Done Contribution margin per machine hour Decision Storage Solutions should emphasize the production of because the is higher 2. To maximize profits, how many of each size bin should the company produce? (If there are zero machine hours allocated to a bin size, enter in the input box) Storage Solutions should spend machine hours making regular size bins and machine hours making large size bins 3. Given the product mix determined in the previous step, calculate Storage Solutione's operating income for the period Number of bins per period Contribution margin per bin Total contribution margin

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