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Hydroflask water bottles produces three products, large mouth, small mouth and mini mouth water bottles. The company is currently facing a labor shortage, only 4,800 hours are available this month. The selling prices, costs, labor requirements, and demand for the three products are as follows: Large Mouth (Product A) Small Mouth (Product Mini Mouth (Product C) B) $38.00 $ 19.00 $ 52.00 $48.00 3.3 1,700 Sales price Variable cost per unit. Direct labor hours per unit Demand (units) Required: a. In what order should Hydroflask prioritize production of the products? b. How many of each product should be produced during the labor shortage to maximize profit? c. What is the total contribution margin if Hydroflask prioritizes production according to its limited resources? $ 70.00 $ 53.00 2.1 1,200 1.7 1,900

Hydroflask water bottles produces three products, large mouth, small mouth and mini mouth water bottles. The company is currently facing a labor shortage, only 4,800 hours are available this month. The selling prices, costs, labor requirements, and demand for the three products are as follows: Large Mouth (Product A) Small Mouth (Product Mini Mouth (Product C) B) $38.00 $ 19.00 $ 52.00 $48.00 3.3 1,700 Sales price Variable cost per unit. Direct labor hours per unit Demand (units) Required: a. In what order should Hydroflask prioritize production of the products? b. How many of each product should be produced during the labor shortage to maximize profit? c. What is the total contribution margin if Hydroflask prioritizes production according to its limited resources? $ 70.00 $ 53.00 2.1 1,200 1.7 1,900

FINANCIAL ACCOUNTING
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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Hydroflask water bottles produces three products, large mouth, small mouth and mini mouth water bottles. The company is currently facing a labor shortage; only 4,800 hours are available this month. The selling prices, costs, labor requirements, and demand for the three products are as follows: Sales price Variable cost per unit Direct labor hours per unit Demand (units) Large Mouth (Product A) $ 70.00 $ 53.00 2.1 1,200 Required A Small Mouth (Product Mini Mouth B) (Product C) $38.00 $ 52.00 $ 19.00 $ 48.00 3.3 1,700 Complete this question by entering your answers in the tabs below. Required: a. In what order should Hydroflask prioritize production of the products? b. How many of each product should be produced during the labor shortage to maximize profit? c. What is the total contribution margin if Hydroflask prioritizes production according to its limited resources? Required B Required C In what order should Hanson prioritize production of the products? Required A 1.7 Required B > 1,900
Transcribed Image Text:Hydroflask water bottles produces three products, large mouth, small mouth and mini mouth water bottles. The company is currently facing a labor shortage; only 4,800 hours are available this month. The selling prices, costs, labor requirements, and demand for the three products are as follows: Sales price Variable cost per unit Direct labor hours per unit Demand (units) Large Mouth (Product A) $ 70.00 $ 53.00 2.1 1,200 Required A Small Mouth (Product Mini Mouth B) (Product C) $38.00 $ 52.00 $ 19.00 $ 48.00 3.3 1,700 Complete this question by entering your answers in the tabs below. Required: a. In what order should Hydroflask prioritize production of the products? b. How many of each product should be produced during the labor shortage to maximize profit? c. What is the total contribution margin if Hydroflask prioritizes production according to its limited resources? Required B Required C In what order should Hanson prioritize production of the products? Required A 1.7 Required B > 1,900
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