AutoSave Off File Home Module ThreeProblem Set Question3 ⚫ Saved to this PC Search Insert Page Layout Formulas Data Review View Automate Help ✗Cut Calibri 12 Α' Α' ab Wrap Text Text Copy ▾ Paste B I U ~A~ Merge & Center $ % 9 +0.00 Format Painter Clipboard √☑ Font Б Alignment √☑ Number Г A1 A B C D E F G H Accent3 Accent4 Accent5 Conditional Format as Formatting Accent6 Comma Comma [0] Table ▾ Styles <<> Katherine Apuzzo KA Comments Share ☐☐ > AutoSum ✓ ĄT பப Fill Insert Delete Format Sort & Find & Add-ins > Clear Filter Select Cells Editing Analyze Data Add-ins J K L M N о P Q R S T U V W X Y ✓ ✓ ✓ fx Function: MAX; Formulas: Subtract; Divide; Cell Referencing 1 Function: MAX; Formulas: Subtract; Divide; Cell Referencing 2 3 BE5.7 - Using Excel to Determine Profitability Given a Constrained Reso 4 PROBLEM 5 Rachel wants to use her knitting skills to make a little extra money so she 6 can enjoy a theatre weekend with her besties. She's got the pattern down 7 for a hat, scarf, and mittens, but she realizes that her available time is 8 limited. She should be able to sell as many of any item as she can make, 9 but she wants to make sure she's making the best use of her time. Cost 10 and time information are provided here. Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Calculate the contribution margin per unit of the scarce resource for each item. 11 12 13 Time in minutes Hat 20 Scarf 30 Mittens 40 14 Cost of yarn per unit $ 4.00 $ 6.00 $ 4.00 15 Selling price per unit 15.00 15.00 15.00 16 17 18 19 20 21 22 23 Hat Scarf Mittens Contribution margin per unit of scarce resource Which item should Rachel focus on in order to maximize her profitability and resources? The highest CM is
AutoSave Off File Home Module ThreeProblem Set Question3 ⚫ Saved to this PC Search Insert Page Layout Formulas Data Review View Automate Help ✗Cut Calibri 12 Α' Α' ab Wrap Text Text Copy ▾ Paste B I U ~A~ Merge & Center $ % 9 +0.00 Format Painter Clipboard √☑ Font Б Alignment √☑ Number Г A1 A B C D E F G H Accent3 Accent4 Accent5 Conditional Format as Formatting Accent6 Comma Comma [0] Table ▾ Styles <<> Katherine Apuzzo KA Comments Share ☐☐ > AutoSum ✓ ĄT பப Fill Insert Delete Format Sort & Find & Add-ins > Clear Filter Select Cells Editing Analyze Data Add-ins J K L M N о P Q R S T U V W X Y ✓ ✓ ✓ fx Function: MAX; Formulas: Subtract; Divide; Cell Referencing 1 Function: MAX; Formulas: Subtract; Divide; Cell Referencing 2 3 BE5.7 - Using Excel to Determine Profitability Given a Constrained Reso 4 PROBLEM 5 Rachel wants to use her knitting skills to make a little extra money so she 6 can enjoy a theatre weekend with her besties. She's got the pattern down 7 for a hat, scarf, and mittens, but she realizes that her available time is 8 limited. She should be able to sell as many of any item as she can make, 9 but she wants to make sure she's making the best use of her time. Cost 10 and time information are provided here. Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Calculate the contribution margin per unit of the scarce resource for each item. 11 12 13 Time in minutes Hat 20 Scarf 30 Mittens 40 14 Cost of yarn per unit $ 4.00 $ 6.00 $ 4.00 15 Selling price per unit 15.00 15.00 15.00 16 17 18 19 20 21 22 23 Hat Scarf Mittens Contribution margin per unit of scarce resource Which item should Rachel focus on in order to maximize her profitability and resources? The highest CM is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![AutoSave Off
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Module ThreeProblem Set Question3 ⚫ Saved to this PC
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Insert
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Formulas
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Automate
Help
✗Cut
Calibri
12
Α' Α'
ab Wrap Text
Text
Copy ▾
Paste
B
I U
~A~
Merge & Center
$ % 9
+0.00
Format Painter
Clipboard
√☑
Font
Б
Alignment
√☑
Number
Г
A1
A
B
C
D
E
F
G
H
Accent3
Accent4
Accent5
Conditional Format as
Formatting
Accent6
Comma
Comma [0]
Table ▾
Styles
<<>
Katherine Apuzzo KA
Comments
Share
☐☐
> AutoSum
✓
ĄT
பப
Fill
Insert Delete Format
Sort & Find &
Add-ins
> Clear
Filter Select
Cells
Editing
Analyze
Data
Add-ins
J
K
L
M
N
о
P
Q
R
S
T
U
V
W
X
Y
✓ ✓ ✓ fx Function: MAX; Formulas: Subtract; Divide; Cell Referencing
1 Function: MAX; Formulas: Subtract; Divide; Cell Referencing
2
3 BE5.7 - Using Excel to Determine Profitability Given a Constrained Reso
4
PROBLEM
5 Rachel wants to use her knitting skills to make a little extra money so she
6 can enjoy a theatre weekend with her besties. She's got the pattern down
7 for a hat, scarf, and mittens, but she realizes that her available time is
8 limited. She should be able to sell as many of any item as she can make,
9 but she wants to make sure she's making the best use of her time. Cost
10 and time information are provided here.
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input
the required mathematical formulas or functions with cell references to
the Problem area or work area as indicated.
Calculate the contribution margin per unit of the scarce resource for each
item.
11
12
13
Time in minutes
Hat
20
Scarf
30
Mittens
40
14
Cost of yarn per unit
$ 4.00 $ 6.00
$ 4.00
15
Selling price per unit
15.00 15.00
15.00
16
17
18
19
20
21
22
23
Hat
Scarf
Mittens
Contribution margin per
unit of scarce resource
Which item should Rachel focus on in order to maximize her profitability
and resources?
The highest CM is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3eb24b3-97cc-4f95-983b-3ea7a16f5a18%2Fd03aa3e8-b1c1-4e6d-868d-a9dce72a51f8%2Fwmw6q7_processed.png&w=3840&q=75)
Transcribed Image Text:AutoSave Off
File Home
Module ThreeProblem Set Question3 ⚫ Saved to this PC
Search
Insert
Page Layout
Formulas
Data Review View
Automate
Help
✗Cut
Calibri
12
Α' Α'
ab Wrap Text
Text
Copy ▾
Paste
B
I U
~A~
Merge & Center
$ % 9
+0.00
Format Painter
Clipboard
√☑
Font
Б
Alignment
√☑
Number
Г
A1
A
B
C
D
E
F
G
H
Accent3
Accent4
Accent5
Conditional Format as
Formatting
Accent6
Comma
Comma [0]
Table ▾
Styles
<<>
Katherine Apuzzo KA
Comments
Share
☐☐
> AutoSum
✓
ĄT
பப
Fill
Insert Delete Format
Sort & Find &
Add-ins
> Clear
Filter Select
Cells
Editing
Analyze
Data
Add-ins
J
K
L
M
N
о
P
Q
R
S
T
U
V
W
X
Y
✓ ✓ ✓ fx Function: MAX; Formulas: Subtract; Divide; Cell Referencing
1 Function: MAX; Formulas: Subtract; Divide; Cell Referencing
2
3 BE5.7 - Using Excel to Determine Profitability Given a Constrained Reso
4
PROBLEM
5 Rachel wants to use her knitting skills to make a little extra money so she
6 can enjoy a theatre weekend with her besties. She's got the pattern down
7 for a hat, scarf, and mittens, but she realizes that her available time is
8 limited. She should be able to sell as many of any item as she can make,
9 but she wants to make sure she's making the best use of her time. Cost
10 and time information are provided here.
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input
the required mathematical formulas or functions with cell references to
the Problem area or work area as indicated.
Calculate the contribution margin per unit of the scarce resource for each
item.
11
12
13
Time in minutes
Hat
20
Scarf
30
Mittens
40
14
Cost of yarn per unit
$ 4.00 $ 6.00
$ 4.00
15
Selling price per unit
15.00 15.00
15.00
16
17
18
19
20
21
22
23
Hat
Scarf
Mittens
Contribution margin per
unit of scarce resource
Which item should Rachel focus on in order to maximize her profitability
and resources?
The highest CM is
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