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Wimon Company produces three products with the following information: Selling price per unit Variable cost per unit Machine-hours per unit (MH/unit) Good $17 $8 2

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Wimon Company produces three products with the following information: Selling price per unit Variable cost per unit Machine-hours per unit (MH/unit) Good $17 $8 2 Product Better $19 $10 3 Best $26 $12 4 34:12 The company has a limit of 14,300 machine-hours available per month and a monthly fixed cost of $50,000. 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 1,180 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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