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Wimon Company produces three products with the following information: Product Good Better Best Selling price per unit $17 $19 $26 Variable cost per unit $8

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Wimon Company produces three products with the following information: Product Good Better Best Selling price per unit $17 $19 $26 Variable cost per unit $8 $10 $12 Machine-hours per unit (MH/unit) 2 3 4 The company has a limit of 14,300 machine-hours available per month and a monthly fixed cost of $26,000. The demand for each of the products is 2,500 units per month. The company's goal is to maximize its profitability. Suppose the company can rent a machine that will provide an additional 1,360 machine-hours per month. (Q.) What is the maximum monthly rent the company should be willing to pay for this machine (assuming they've made optimal use of their own machine)? (A.) $

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