A В C Sales $ 3.00 $ 5.00 $ 15.00 Variable costs $ 1.20 $ 3.40 2$ 8.00 Fixed costs $ 0.50 $ 1.00 $ 3.50 Labor hours per unit 0.75 hours 1.25 hours 2.00 hours Monthly demand in units 800 650 250 The company has only 1,600 direct labor hours available to commit to production of any new products. How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) A B.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A
В
C
Sales
$ 3.00
$ 5.00
$ 15.00
Variable costs
$ 1.20
$ 3.40
2$
8.00
Fixed costs
$ 0.50
$ 1.00
2$
3.50
Labor hours per unit
0.75 hours
1.25 hours
2.00 hours
Monthly demand in units
800
650
250
The company has only 1,600 direct labor hours available to commit to production of any new products.
How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal
places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)
A
В
C
Transcribed Image Text:A В C Sales $ 3.00 $ 5.00 $ 15.00 Variable costs $ 1.20 $ 3.40 2$ 8.00 Fixed costs $ 0.50 $ 1.00 2$ 3.50 Labor hours per unit 0.75 hours 1.25 hours 2.00 hours Monthly demand in units 800 650 250 The company has only 1,600 direct labor hours available to commit to production of any new products. How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) A В C
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