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The question is attached in the screenshot below, thank you! Chapter 11 - Assignment #1 Taylor Boat Yard produces and sells a line of small

The question is attached in the screenshot below, thank you!

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Chapter 11 - Assignment #1 Taylor Boat Yard produces and sells a line of small boats for recreational use. Production is a machine-intensive process, with the parts for each boat being manufactured on a series of machines run by highly skilled operators. Taylor's variable costs are direct materials costs, variable machining costs, variable manufacturing overhead costs, and sales commissions. Marion Taylor, the owner, is planning production for the coming year and collects the following data: A B C D E Estimated Direct Variable 2 Demand Selling Material Machining 3 (units) Price Costs Per Cost Per Unit Unit 4 Cruiser-LX 1,800 $3,000 $750 $600 5 Cruiser-EX 2,400 2,400 550 500 6 Boater-LX 4.500 2.100 500 500 Boater-EX 4.200 2,000 500 100 8 Canoe Star 39,000 300 100 200 Salespeople are paid a 5% commission on each Cruiser or Boater sold, and a 10% commission each Canoe Star sold. All other marketing and administrative costs are fixed and, along with the fixed manufacturing costs, total $8,750,000. Annual capacity is 60,000 machine-hours, which is limited by the availability of machines. Variable Machining costs are $200 per machine-hour, and variable manufacturing overhead equals $50 per machine-hour. Taylor Boat Yards holds negligible inventories to minimize the business risk of changing fads in recreational boating. Required 1. Calculate the machine-hours required to satisfy the estimated demand for each type of boat. 2. What is the contribution margin per unit earned from each boat type? 3. Advise Marion Taylor about the most profitable production levels of the five products

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