Solve question 1-3 Outdoor Luggage, Inc., makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's mostpopular models appear below.SkiGuardGolfFishingGuardGuardSelling price per unitVariable cost per unitPlastic injection molding machine processingtime required to produce one unitPounds of plastic pellets per unit2$290 $190 $90 $215185 $9012 minutes6 minutes8 minutes10 pounds13 pounds9 poundsRequired:1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, howmuch contribution margin per minute of the constrained resource is earned by each product?2. Which product offers the most profitable use of the plastic injection molding machine?3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its newconstraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrainedresource is earned by each product?4. Which product offers the most profitable use of the plastic pellets?5. Which product has the largest contribution margin per unit?Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Required 4Required 5If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, howmuch contribution margin per minute of the constrained resource is earned by each product? (Round your final answers to 2 decimalplaces.)Ski GuardGolf GuardFishing GuardContribution margin per minute of the constrained resourceper minuteper minuteper minuteK Requirnd 1Required 2 > Outdoor Luggage, Inc., makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's mostpopular models appear below.GolfGuard190 $FishingGuardSkiGuard2$290 $215Selling price per unitVariable cost per unitPlastic injection molding machine processingtime required to produce one unitPounds of plastic pellets per unit1852$90 $9012 minutes6 minutes8 minutes10 pounds13 pounds9 poundsRequired:1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, howmuch contribution margin per minute of the constrained resource is earned by each product?2. Which product offers the most profitable use of the plastic injection molding machine?3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its newconstraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrainedresource is earned by each product?4. Which product offers the most profitable use of the plastic pellets?5. Which product has the largest contribution margin per unit?Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Required 4Required 5If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its newconstraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrainedresource is earned by each product? (Round your final answers to 2 decimal places.)Ski GuardGolf GuardFishing GuardContribution margin per pound of the constrained resource per poundper poundper pound< Required 2Required 4 >

1. ANALYSIS PARTICULARS SKI GUARD GOLF GUARD FISHIING GUARD SELLING PRICE PER UNIT $290…

Outdoor Luggage, Inc., makes high-end hard-sided luggage for sports equipment. Data concerning three of the company's most popular models appear below. Ski Golf Guard Fishing Guard Guard 2$ %24 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 290 $ 185 $ 190 $ 215 90 $ 90 12 minutes 6 minutes 8 minutes 10 pounds 13 pounds 9 pounds Required: 1. If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product? 2. Which product offers the most profitable use of the plastic injection molding machine? 3. If we assume that a severe shortage of plastic pellets has required the company to cut back its production so much that its new constraint has become the total available pounds of plastic pellets, how much contribution margin per pound of the constrained resource is earned by each product? 4. Which product offers the most profitable use of the plastic pellets? 5. Which product has the largest contribution margin per unit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 If we assume that the total time available on the plastic injection molding machine is the constraint in the production process, how much contribution margin per minute of the constrained resource is earned by each product? (Round your final answers to 2 decimal places.) Ski Guard Golf Guard Fishing Guard Contribution margin per minute of the constrained resource per minute per minute per minute Required 2 >

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q