Business, 26.03.2021 22:40 yugbug44owwc7w

Billings Company produces two products, Product Reno and Product Tahoe. Each product goes through its own assembly and finishing departments. However, both of them must go through the painting department. The painting department has capacity of 1,968 hours per year. Product Reno has a unit contribution margin of $96 and requires four hours of painting department time. Product Tahoe has a unit contribution margin of $78 and requires three hours of painting department time. There are no other constraints. Assume that only 500 units of each product can be sold. Required:1. What is the optimal mix of products? If required, round your answers to the nearest whole number. Optimal MixReno unitsTahoe units2. What is the total contribution margin earned for the optimal mix?$

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Answer from: guillmar003

Optimal product mix :Tahoe = 500 units, Renoe = 117 units

Total contribution = $50,232

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate the scare resource for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

Therefore Billing Company should allocate the painting hours to maximise the contribution per unit of painting hour

Product Reno Tahoe

$ $

Contribution per unit 96 78

Painting hour 4 3

Contribution per hour * 24 26

* = contribution per unit/painting hour per unit

Production mix

Product Unit Painting hour

Tahoe 500 1500

Renoe 117*** 468**

Total

**Balance of painting hour = 1968-1500= 468 hours

*** Unit of Renoe = 468/4=117 units

Optimal product mix = Tahoe = 500 units, Renoe = 117 units

Total contribution = (117× 96) + (500×78) = $50,232

Answer from: Quest

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

$capital * (1+0.045)^{28} = 48,613.24$

now clearing the formula to solve for capital we got:

$capital = \frac{48,613.24}{(1+0.045)^{28}}$

and we reach the answer investment = $14,174.20

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

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Billings Company produces two products, Product Reno and Product Tahoe. Each product goes through it...

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