Viswanath's Vases makes three types of decorative hand-painted vases. These vases must be hand-painted and there are only 1fi 700 hours per month of available skilled labour time to perform this extra step. These products have the following unit product costs: C Direct materials 55.00 Direct labour A 28.00 $ 10.00 $ 4.00 $ 5.00 $ B 46.00 $ 12.50 $ 5.00 $ $ $ $ $ 15.00 Variable manufacturing overhead 6.00 Fixed manufacturing overhead 6.00 $ 5.00 Unit product cost $ 47.00 $ 69.50 $ 81.00 2.00 5.00 6.00 Skilled labour time in hours per unit Selling price per unit Monthly demand in units $ 60.00 $ 77.50 $ 100.00 300 200 100 The availability of skilled labourers are potentially a constraint in the production facility. A total of 1f700 hours of skilled labour time are available per month. Direct labour is 100% variable. Part (a) Calculate the contribution margin per unit of the constraining factor for each product. A B C Selling price 100.00 Direct materials $ $ $ 60.00 $ 28.00 $ 10.00 $ 77.50 $ 46.00 $ 12.50 $ 55.00 Direct labour 15.00 Variable manufacturing overhead $ 4.00 $ 5.00 $ 6.00 76.00 Total variable costs Contribution margin $ $ 42.00 $ 18.00 $ 63.50 $ 14.00 $ 24.00 Time required / unit 2.00 5.00 6.00 Contribution margin /hour $ 9.00 $ 2.80 $ 4.00 Part (b) How much of each product should be producedfi rounded to the nearest whole unitfi to maximize operating income? Hours per Product to be produced Units unit Total Hours Cumulative Hours 600 Hours Left First A 300 2.00 600 1fi100 Second 100 6.00 600 1fi 200 500 Third B 100 5.00 500 1f700 Part (c) Given the recommended sale mix in part (b) abovefi what will be the total revenues for the company? A B Total Number of units 300 100 100 Selling price / unit $ 60.00 $ 77.50 $ 100.00 Total Revenues $ 18f000 $ 7f1750 $ 10fi000 $ 35f750 Viswanath's Vases makes three types of decorative hand-painted vases. These vases must be hand-painted and there are only 1fi 700 hours per month of available skilled labour time to perform this extra step. These products have the following unit product costs: C Direct materials 55.00 Direct labour A 28.00 $ 10.00 $ 4.00 $ 5.00 $ B 46.00 $ 12.50 $ 5.00 $ $ $ $ $ 15.00 Variable manufacturing overhead 6.00 Fixed manufacturing overhead 6.00 $ 5.00 Unit product cost $ 47.00 $ 69.50 $ 81.00 2.00 5.00 6.00 Skilled labour time in hours per unit Selling price per unit Monthly demand in units $ 60.00 $ 77.50 $ 100.00 300 200 100 The availability of skilled labourers are potentially a constraint in the production facility. A total of 1f700 hours of skilled labour time are available per month. Direct labour is 100% variable. Part (a) Calculate the contribution margin per unit of the constraining factor for each product. A B C Selling price 100.00 Direct materials $ $ $ 60.00 $ 28.00 $ 10.00 $ 77.50 $ 46.00 $ 12.50 $ 55.00 Direct labour 15.00 Variable manufacturing overhead $ 4.00 $ 5.00 $ 6.00 76.00 Total variable costs Contribution margin $ $ 42.00 $ 18.00 $ 63.50 $ 14.00 $ 24.00 Time required / unit 2.00 5.00 6.00 Contribution margin /hour $ 9.00 $ 2.80 $ 4.00 Part (b) How much of each product should be producedfi rounded to the nearest whole unitfi to maximize operating income? Hours per Product to be produced Units unit Total Hours Cumulative Hours 600 Hours Left First A 300 2.00 600 1fi100 Second 100 6.00 600 1fi 200 500 Third B 100 5.00 500 1f700 Part (c) Given the recommended sale mix in part (b) abovefi what will be the total revenues for the company? A B Total Number of units 300 100 100 Selling price / unit $ 60.00 $ 77.50 $ 100.00 Total Revenues $ 18f000 $ 7f1750 $ 10fi000 $ 35f750