Sheridan Co. is considering the introduction of three new products. Per unit sales and cost information are as follows: B Sales $ 3.00 $ 5.00 $ 18.00 Variable costs $ 1.20 $ 3.40 $ 10.00 Fixed costs $ 0.50 $ 1.00 $ 3.50 0.75 hours 1.25 hours 2.00 hours Labor hours per unit Monthly demand in units 800 650 250 The company has only 1,800 direct labor hours available to commit to production of any new products. How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) A B C |