Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information is available from previously prepared budgets for the month of March: March Sales Revenue (from Sales Budget) 56,300 Cost of Goods Sold
The following information is available from previously prepared budgets for the month of March: March Sales Revenue (from Sales Budget) 56,300 Cost of Goods Sold (from Cost of Goods Sold Budget) 750 Cash (from Cash Budget) 300 Accounts Receivable (from Schedule of Cash Receipts from Customers) 603 Raw Materials Inventory (from Direct Materials Budget) 530 Finished Goods Inventory (from Production and Cost of Goods Sold Budgets) 690 Selling and Administrative Expenses (from S&A Expense Budget) 200 Interest Expense (from Cash Budget) 110 Income Tax Expense (from Cash Budget) 2,000 A. $3,240 O B. $3,843 O C. $2,020 OD. $3,550 A company sells two products with information as follows: B Sales price per unit $11 $20 Variable cost per unit $10 $10 The products are machine made. Four units of product A can be made with one machine hour and two units of product B can be made with one machine hour. The company has a maximum of 3,000 machine hours available per month. The company can sell up to 18,000 units of product A per month, and up to 3,000 units of product B for the month. What is the optimum product mix to maximize the company's operating income? O A. 6,000 units of A and zero units of B B. 6,000 units of A and 3,000 units of B OC. zero units of A and 3,000 units of B OD. 1,500 units of A and 36,000 units of B
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started