Company X manufactures four different types of toys for kids including cars, bikes, planeand ship. The gross margin, production, and profit are listed below for each items are shownbelow:ProductGross margin/unitMinutes/unitGross margin/minuteMaximum production 280000 112000ProfitCarBikePlaneShip0.31.30.751.212.51.520.300.520.500.601866714000084000 14560014000168000Let the production capacity of the machine used for production is 4500 hours per year.Which of the following would be the minimum value of gross margin per minute of shipthat would make it economical for production?(A)0.65(B) 0.70(C) 0.87(D) Can't be determined

Given, Production capacity = 4500 hours In minutes = 4500×60 = 270,000 min per…

Company X manufactures four different types of toys for kids including cars, bikes, plane and ship. The gross margin, production, and profit are listed below for each items are shown below: Bike 1.3 Ship Product Gross margin/unit Minutes/unit Gross margin/minute Maximum production 280000 112000 Profit Car 0.3 Plane 0.75 1.2 2.5 1.5 2 0.30 0.52 0.50 0.60 18667 140000 84000 145600 14000 168000 Let the production capacity of the machine used for production is 4500 hours per year. Which of the following would be the minimum value of gross margin per minute of ship that would make it economical for production? (A)0.65 (B) 0.70 (C) 0.87 (D) Can't be determined

Company X manufactures four different types of toys for kids including cars, bikes, plane and ship. The gross margin, production, and profit are listed below for each items are shown below: Bike 1.3 Ship Product Gross margin/unit Minutes/unit Gross margin/minute Maximum production 280000 112000 Profit Car 0.3 Plane 0.75 1.2 2.5 1.5 2 0.30 0.52 0.50 0.60 18667 140000 84000 145600 14000 168000 Let the production capacity of the machine used for production is 4500 hours per year. Which of the following would be the minimum value of gross margin per minute of ship that would make it economical for production? (A)0.65 (B) 0.70 (C) 0.87 (D) Can't be determined

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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