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Ivanhoe, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $6 $8 $12 Variable cost per unit 2 6 Contribution margin per unit $4.00 $3.00 $6.00 Machine hours per unit 1.0 2.4 3.00 Demand in units 560 1,060 920 The company has only 2,000 machine hours available each month. How many units of each type of balloon should the company make to maximize its total contribution margin? (Round answers to 0 decimal places, e.g. 5,275.) Units Small Medium Large

Ivanhoe, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $6 $8 $12 Variable cost per unit 2 6 Contribution margin per unit $4.00 $3.00 $6.00 Machine hours per unit 1.0 2.4 3.00 Demand in units 560 1,060 920 The company has only 2,000 machine hours available each month. How many units of each type of balloon should the company make to maximize its total contribution margin? (Round answers to 0 decimal places, e.g. 5,275.) Units Small Medium Large

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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Ivanhoe, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $6 $8 $12 Variable cost per unit 6 Contribution margin per unit $4.00 $3.00 $6.00 Machine hours per unit 1.0 2.4 3.00 Demand in units 560 1,060 920 The company has only 2,000 machine hours available each month. How many units of each type of balloon should the company make to maximize its total contribution margin? (Round answers to 0 decimal places, e.g. 5,275.) Units Small Medium Large
Transcribed Image Text:Ivanhoe, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $6 $8 $12 Variable cost per unit 6 Contribution margin per unit $4.00 $3.00 $6.00 Machine hours per unit 1.0 2.4 3.00 Demand in units 560 1,060 920 The company has only 2,000 machine hours available each month. How many units of each type of balloon should the company make to maximize its total contribution margin? (Round answers to 0 decimal places, e.g. 5,275.) Units Small Medium Large
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