James' Rockers Co. manufactures two models, Standard and Premium. Weekly demand is 180 units of the Standard Model and 100 units of the Premium Model. The following per unit data apply: Selling price per unit Variable expenses per unit Total fixed expenses per unit Number of machine hours required per unit O 140 units Standard and 80 units of Premium Standard O 150 units of Standard and 75 units of Premium O 180 units of Standard and 60 units of Premium O 200 units of Standard and 50 units of Premium $40 $22 $12 Machine hours are the constrained resource. There are only 600 machine hours available per week. How many units each model should James produce per week in order to maximize profits? 2 Premium $60 $40 $4 -

Cube Industries sells three products-P, Q and R. Here are data regarding these three products: Product Q Annual customer demand, in units Selling price, per unil Variable costs, per unit Direct labor hours to produce one unit O $17 per hour O $18 per hour O $19 per hour O $21 per hour Product P O None of the above 525 units $660 $280 20 hours 450 units $940 $515 25 hours Product R 600 units Cube's current capacity is 18,300 direct labor hours per year. How much should Cube be willing to pay per direct labor hour to acquire additional capacity? $370 $160 10 hours

Ivanhoe Company manufactures and sells two products. Relevant per-unit data concerning each product follow: Selling price Variable costs Machine hours Product Basic $45.00 $23.00 0.50 Deluxe $56.00 $26.60 0.70 Calculate the contribution margin per machine hour for each product. Contribution margin per machine hour $ Basic $ Deluxe

Crane Company manufactures and sells two products. Relevant per unit data concerning each product follow.     Product     Basic   Deluxe Selling price   $42.00   $52.00 Variable costs   $20.40   $24.80 Machine hours   0.60   0.80   A. Compute the contribution margin per machine hour for each product.     Basic   Deluxe Contribution margin per machine hour   $   $   B. Calculate total contribution margin if the additional 1,010 hours are:(1) Divided equally between the products.     Basic   Deluxe   Total Contribution margin   $   $   $ (2) Allocated entirely to the product identified above.     Basic   Deluxe   Total Contribution margin   $   $   $

Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Product X at a total cost of $1,200 per unit, of which $820 is product cost and $380 is selling and administrative expenses. In addition, the total cost of $1,200 is made up of $680 variable cost and $520 fixed cost. The desired profit is $180 per unit. Determine the markup percentage on total cost.fill in the blank 1 %

Ken's Fish & Tackle manufactures two reel models, Standard and Premium. Weekly demand is estimated to be 110 units of the Standard Model and 72 units of the Premium Model. The following per unit data apply: Standard Premium Contribution margin per unit $24 $30 Number of machine - hours required 6 5 The contribution per machine - hour is:

Benoit Company produces three products-A, B, and C. Data concerning the three products follow (per unit): Product B $ 66.00 Selling price Variable expenses: Direct materials Other variable expenses Total variable expenses Contribution margin Contribution margin ratio A $ 86.00 25.80 25.80 51.60 $34.40 Required 1 Required 2 40% Required 3 18.00 31.50 49.50 $16.50 25% The company estimates it can sell 950 units of each product per month. The same raw material is used in each product. The material costs $3 per pound with a maximum of 5,000 pounds available each month. Required: 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Which orders would you advise the company to accept first, those for A, B, or C? Which orders second? Third? 3. What is the maximum contribution margin the company can earn per month if it makes optimal use of its 5,000 pounds of materials? Contribution margin per pound of the constraining resource C $76.00 Complete…

Bright Force Inc. produces and sells lightning fixtures. An entry light has a total cost of $90 per unit, of which $50 is product cost and $40 is selling and administrative expenses. In addition, the total cost of $90 is made up of $55 variable cost and $35 fixed cost. The desired profit is $20 per unit. Determine the markup percentage on product cost.

An entry light has a total cost of $125 per unit, of which 80 is product cost

Benoit Company produces three productsA, B, and C. Data concerning the three products follow (per unit): ProductABCSelling price$ 80$ 56$ 70Variable expenses: Direct materials24159Other variable expenses242740Total variable expenses484249 Contribution margin$ 32$ 14$ 21 Contribution margin ratio40 % 25% 30% The company estimates that it can sell 800 units of each product per month. The same raw material is used in each product. The material costs $3 per pound with a maximum of 5,000 pounds available each month. Required:1. Calculate the contribution margin per pound of the constraining resource for each product.2. Which orders would you advise the company to accept first, those for A, B, or C? Which orders second? Third?3. What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 5,000 pounds of materials?