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ales price irect materials irect labor ariable manufacturing overhead ixed manufacturing overhead equired number of labor hours Table A $ 52 262459 10 0.50 Table B $ 56 11 SHLASO 4 5 0.50 Table C $ 70 12 226458 1.00

ales price irect materials irect labor ariable manufacturing overhead ixed manufacturing overhead equired number of labor hours Table A $ 52 262459 10 0.50 Table B $ 56 11 SHLASO 4 5 0.50 Table C $ 70 12 226458 1.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blossom, Incorporated, is a small company that manufactures three versions of patio tables. Unit Information for its products follows: Table C $ 70 12 8 4 5 sales price Direct materials Direct labor variable manufacturing overhead Fixed manufacturing overhead Required number of labor hours Required number of machine hours Product Table A $ 52 10 Required 2 Table A Table B Table C 2 4 5 0.50 4.00 Blossom has determined it can sell a limited number of each table in the upcoming year. Expected demand for each model follows: Table A Table B Table C 50,000 units 25,000 units 25,000 units Required: 1. Suppose direct labor hours have been identified as the bottleneck resource. Determine how Blossom should prioritize production by rank, l.e., ordering the products from 1 to 3. 2. If Blossom has only 50,000 direct labor hours available, calculate the number of units of each table Blossom should produce to maximize its profit. 3. Suppose the number of machine hours has been identified as the most constrained resource. Determine how Blossom should prioritize production by rank, I.e., ordering the products from 1 to 3. 4. If Blossom has only 244,000 machine hours available, calculate the number of units of each table Blossom should produce to maximize its profit. Complete this question by entering your answers in the tabs below. Required 1 Table B $ 56 11 4 4 5 0.50 2.50 Required 1 Required 3 Required 4 Suppose direct labor hours have been identified as the bottleneck resource. Determine how Blossom should prioritize production by rank, i.e., ordering the products from 1 to 3. Ranking 1.00 2.00 Required ?
Transcribed Image Text:Blossom, Incorporated, is a small company that manufactures three versions of patio tables. Unit Information for its products follows: Table C $ 70 12 8 4 5 sales price Direct materials Direct labor variable manufacturing overhead Fixed manufacturing overhead Required number of labor hours Required number of machine hours Product Table A $ 52 10 Required 2 Table A Table B Table C 2 4 5 0.50 4.00 Blossom has determined it can sell a limited number of each table in the upcoming year. Expected demand for each model follows: Table A Table B Table C 50,000 units 25,000 units 25,000 units Required: 1. Suppose direct labor hours have been identified as the bottleneck resource. Determine how Blossom should prioritize production by rank, l.e., ordering the products from 1 to 3. 2. If Blossom has only 50,000 direct labor hours available, calculate the number of units of each table Blossom should produce to maximize its profit. 3. Suppose the number of machine hours has been identified as the most constrained resource. Determine how Blossom should prioritize production by rank, I.e., ordering the products from 1 to 3. 4. If Blossom has only 244,000 machine hours available, calculate the number of units of each table Blossom should produce to maximize its profit. Complete this question by entering your answers in the tabs below. Required 1 Table B $ 56 11 4 4 5 0.50 2.50 Required 1 Required 3 Required 4 Suppose direct labor hours have been identified as the bottleneck resource. Determine how Blossom should prioritize production by rank, i.e., ordering the products from 1 to 3. Ranking 1.00 2.00 Required ?
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