Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thanks Accountants for the help!!! Outdoor Luggage, Inc., makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear

Thanks Accountants for the help!!!

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Outdoor Luggage, Inc., makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below. 275 Selling price per unit Variable cost per unit Plastie injection molding machine processing time required to produce one unit Pounds of plastic pellets per unit ski Golf Fishing Guard Guard Guard 230 S 320 $ 80 $ 160 s 140 12 minutes anuces 5 minutes 14 pounds 15 pounds13 pounds Required: 1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product 2. Which product offers the most profitable use of the plastic injection molding machine? 3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? 4. Which product offers the most profitable use of the plastic pellets? 5. Which product has the largest contribution margin per unit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 If we assume that the total time available on the plastic Injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product (Round your final answers to 2 decimal places.) Ski Guard Golf Guard Fishing Guard Contribution margin per minute of the constrained resource Peter per minute pet minute Which product offers the most profitable use of the plastic injection molding machine? Fishing Guard Ski Guard Golf Guard Required 1 Required 3 > If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? (Round your final answers to 2 decimal places.) Ski Guard per pound Golf Guard per pound Fishing Guard per pound Contribution margin per pound of the constrained resource Which product offers the most profitable use of the plastic pellets? O Golf Guard Fishing Guard

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audits For Improved Performance

Authors: Dennis R. Arter

3rd Edition

0873895703, 978-0873895705

More Books

Students also viewed these Accounting questions

Question

Describe the elements of a solid business plan.

Answered: 1 week ago