Outdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data concerning three of the company'smost popular models appear below:Selling price per unitVariable cost per unitSki Guard$ 230$ 80Golf Guard$ 320$ 16012 minutes14 poundsPlastic injection molding machine processing timerequired to produce one unitPounds of plastic pellets per unitRequired:1. If the total time available on the plastic injection molding machine is the constraint, how much contribution margin per minute of theconstrained resource is earned by each product?Fishing Guard$ 275$ 1408 minutes15 pounds5 minutes13 pounds Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Required 4 Required 5If the total time available on the plastic injection molding machine is the constraint, how much contribution margin per minute of the constrained resourproduct?Note: Round your final answers to 2 decimal places.Contribution margin per minute of the constrained resourceSki Guardper minuteGolf Guardper minuteRequired 2 >Fishing Guardper minute

MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 If the total time available on the plastic injection molding machine is the constraint, how much contribution margin per minute of the constrained resour product? Note: Round your final answers to 2 decimal places. Contribution margin per minute of the constrained resource Ski Guard per minute Golf Guard per minute Required 2 > Fishing Guard per minute

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 If the total time available on the plastic injection molding machine is the constraint, how much contribution margin per minute of the constrained resour product? Note: Round your final answers to 2 decimal places. Contribution margin per minute of the constrained resource Ski Guard per minute Golf Guard per minute Required 2 > Fishing Guard per minute

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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Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Casual Essentials, Inc. manufactures two types of team shirts, the Homerun and the Goalpost, with unit contribution margins of $5 and $15, respectively. Regardless of type, each team shirts must be fed through a stitching machine to affix the appropriate team logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Homerun shirt requires 6 minutes of machine time, and each Goalpost shirt requires 30 minutes of machine time. Assume that a maximum of 49,830 units of each team shirts can be sold. Required: If required, round your answers to the nearest whole number. 1. What is the contribution margin per hour of machine time for each type of team shirts? Contribution Margin Homerun $fill in the blank 1 Goalpost $fill in the blank 2 2. What is the optimal mix of team shirts? Optimal Mix Homerun fill in the blank 3 units Goalpost fill in…
in step 2 solution 1 how do we reach the direct material cost of (104.20)? THe Direct materials of one bike frame is 101.80 just like the direct materials of one drum is 52.10. What is being added to the bike frame material? and why is nothing added to the drum material?
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cercise 11-5 (Algo) Volume Trade-Off Decisions [LO11-5] utdoor Luggage, Incorporated, makes high-end hard-sided luggage for sports equipment. Data concerning three of the mpany's most popular models appear below. Selling price per unit Variable cost per unit Plastic injection molding machine processing time. required to produce one unit Pounds of plastic pellets per unit S Which product offers the most profitable use of the plastic pellets? Which product has the largest contribution margin per unit? Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required 3 Required 4 quired: f we assume that the total time available on the plastic injection molding machine is the constraint in the production ocess, how much contribution margin per minute of the constrained resource is earned by each product? Which product offers the most profitable use of the plastic injection molding machine? If we assume that a severe shortage of plastic pellets has required…
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I just need help finding the variable cost thx
I need the answer of last 2 questoin (4 and 5) please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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