Best for Pets has three product lines: cat food, dog food, and fish food. For the coming month, 4,000 units of direct materials will be needed to meet expected demand. However, only 3,200 units are available. Additional information on the three product lines is given here: Contribution Margin per unit of Product Contribution Margin per unit of Direct Material O Fish food O Dog food Cat Food $ 4.50 $5.30 Knowledge Check 02 If the company can either sell Dog Food or Fish Food, which one should it sell in order to maximize profit? Knowledge Check 03 Determine the maximum profit if the company can sell either of the three products? O $14,880 O $21,200 O $16,960 $22,400 Dog Food $5.60 $ 3.57 Fish Food $ 2.70 $ 4.65

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Best for Pets has three product lines: cat food, dog food, and fish food. For the coming month, 4,000 units of direct materials will be
needed to meet expected demand. However, only 3,200 units are available. Additional information on the three product lines is given
here:
Contribution Margin per unit of Product
Contribution Margin per unit of Direct Material
Fish food
O Dog food
Cat Food
$ 4.50
$5.30
Knowledge Check 02
If the company can either sell Dog Food or Fish Food, which one should it sell in order to maximize profit?
Knowledge Check 03
Determine the maximum profit if the company can sell either of the three products?
$14,880
$21,200
$16,960
O $22,400
Dog Food
$ 5.60
$ 3.57
Fish Food
$ 2.70
$ 4.65
Transcribed Image Text:Best for Pets has three product lines: cat food, dog food, and fish food. For the coming month, 4,000 units of direct materials will be needed to meet expected demand. However, only 3,200 units are available. Additional information on the three product lines is given here: Contribution Margin per unit of Product Contribution Margin per unit of Direct Material Fish food O Dog food Cat Food $ 4.50 $5.30 Knowledge Check 02 If the company can either sell Dog Food or Fish Food, which one should it sell in order to maximize profit? Knowledge Check 03 Determine the maximum profit if the company can sell either of the three products? $14,880 $21,200 $16,960 O $22,400 Dog Food $ 5.60 $ 3.57 Fish Food $ 2.70 $ 4.65
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