Hello, I'm only looking for help with number 4. I managed to get 1-3 but it won't let me attach that screenshot. ### Profit and Production Analysis#### 3. Production with Additional Shift**Scenario:**If the company adds another shift, how many units of Product G and Product B should it produce? How much total contribution margin would this mix produce each month?**Table:**| | Product G | Product B | Total ||--------------------|-----------|-----------|-------|| Hours dedicated to the production of each product | 240 | | 240 || Units produced for most profitable sales mix | 600 | | || Contribution margin per unit | $60.00 | | || Total contribution margin - two shifts | $36,000 | | |**Explanation:**- **Hours Dedicated to Production:** The company will dedicate 240 hours to the production of Product G.- **Units Produced:** For the maximum advantageous sales mix, the company will produce 600 units of Product G.- **Contribution Margin per Unit:** The contribution margin for each unit of Product G is $60.00.- **Total Contribution Margin:** By operating two shifts, the total contribution margin achieved will be $36,000.#### 4. Increased Sales and Marketing Campaign**Scenario:**Suppose that the company determines it can increase Product G’s maximum sales to 700 units per month by spending $5000 per month on marketing efforts. Should the company pursue this strategy and the additional shift?**Table:**| | Product G | Product B | Total ||--------------------|-----------|-----------|-------|| Hours dedicated to the production of each product | | | || Units produced for most profitable sales mix | | | || Contribution margin per unit | | | || Total contribution margin - two shifts and marketing campaign | | | |**Explanation:**- **Hours Dedicated to Production:** To be determined based on expansion plans.- **Units Produced:** Maximizing unit production to 700 units per month for Product G. - **Contribution Margin per Unit:** Stay the same or to be adjusted if necessary.- **Total Contribution Margin:** Needs to be calculated considering the additional $5000 monthly marketing expense to find out if pursuing the marketing campaign and additional shift would be beneficial.**Note:** The detailed cells are placeholders for actual figures calculation. ### Production Analysis for Edgerron CompanyEdgerron Company is capable of producing two products, G and B, using a single machine in its factory. The following production and financial information is provided:| | **Product G** | **Product B** ||--------------------------------|---------------|---------------|| **Selling price per unit** | $90 | $120 || **Variable costs per unit** | $30 | $72 || **Contribution margin per unit** | $60 | $48 || **Machine hours to produce 1 unit** | 0.4 hours | 1 hour || **Maximum unit sales per month** | 600 units | 200 units |**Current Operating Conditions:**- The machine operates for a single 8-hour shift for 22 days each month.- Management is contemplating extending production to two shifts, effectively increasing machine productivity by an additional 8 hours per day for 22 days.- This change will incur $6,000 in additional fixed costs per month.#### Analysis:1. **Determining the Contribution Margin per Machine Hour:** | | **Product G** | **Product B** | |---------------------------------|---------------|---------------| | Contribution margin per unit | $60.00 | $48.00 | | Machine hours per unit | 0.4 hours | 1.0 hours | | **Contribution margin per machine hour** | **$150.00** | **$48.00** |2. **Maximum Units Production and Hours Required:** | | **Product G** | **Product B** | **Total** | |---------------------------------|---------------|---------------|-----------| | Maximum number of units to be sold | 600 units | 200 units | | | Hours required to produce maximum units | 240 hours | 200 hours | 440 hours |3. **Optimal Production Mix for Single Shift Operation (No Additional Shifts):** | | **Product G** | **Product B** | **Total** | |-------------------------------|---------------|---------------|--------------| | Hours dedicated to production | 176 | 0 | 176 | | Units produced for most profitable sales mix | 440 | 0 |

Profit or Loss: Profit is an amount which can be determined from the income statement as a positive…

Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G Product B $ 90 $ 120 Selling price per unit Variable costs per unit 30 72 Contribution margin per unit $ 60 $ 48 Machine hours to produce 1 0.4 hours 1 hours unit Maximum unit sales per month 600 units 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $6,000 additional fixed costs per month. (Round hours per unit answers to 1 decimal place.)

Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G Product B $ 90 $ 120 Selling price per unit Variable costs per unit 30 72 Contribution margin per unit $ 60 $ 48 Machine hours to produce 1 0.4 hours 1 hours unit Maximum unit sales per month 600 units 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $6,000 additional fixed costs per month. (Round hours per unit answers to 1 decimal place.)

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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arrow_forward Oh no! Our expert couldn't answer your question. Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience. Here's what the expert had to say: Hi and thanks for your question! Unfortunately we cannot answer this particular question due to its complexity. We've credited a question back to your account. Apologies for the inconvenience. Ask Your Question Again 5 of 10 questions left until 5/23/21 Question The management accountant at Miller Merchandising & More, Odail Russell is in the process ofpreparing the cash budget for the business for the fourth quarter of 2021. It is customary for thebusiness to borrow money during this quarter. Extracts from the sales and purchases budgets areas follows:Month cash sales sales on account purchasesAugust $85,000 $640,000 $420,000September $70,000 $550,000…
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please explain how come you come up with step 3 and Im so confused about the numbers, I'm so sorry I'm not good with math. thank you for your understanding!
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