Selling price per item Variable cost per item Contribution margin per item Machine hours per item Chairs O $11270 O $11520 $78.00 61.00 $17.00 1.60 Tables $95.00 77.00 $18.00 1.60 Pharoah has 1024 machine hours available each month. The demand for chairs is 610 units per month and the demand for tables is 390 units per month. If Pharoah allocates its production capacity between the chairs and tables so that it maximizes the company's contribution margin, what will the total contribution margin be?

Selling price per item Variable cost per item Contribution margin per item Machine hours per item Chairs O $11270 O $11520 $78.00 61.00 $17.00 1.60 Tables $95.00 77.00 $18.00 1.60 Pharoah has 1024 machine hours available each month. The demand for chairs is 610 units per month and the demand for tables is 390 units per month. If Pharoah allocates its production capacity between the chairs and tables so that it maximizes the company's contribution margin, what will the total contribution margin be?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter13: Nonlinear Optimization Models

Section: Chapter Questions

Problem 5P: Jims Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two...

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K Clan Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: Click the icon to view the price and cost data.) Clan Furniture has three sales representatives: Alfred, Bob, and Cait. Alfred sold 60 tables with 8 chairs each. Bob sold 70 tables with 6 chairs each. Cait sold 100 tables with 4 chairs each. Read the requirements. Sales representative: Alfred Bob Cait Net sales revenue $ 66,000 $ 70,000 $ 90,000 47,700 Variable costs Contribution margin 52,150 69,500 $ 18,300 $ 17,850 $ 20,500 Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth percent-X.XX%.) Contribution margin ÷ Net sales revenue = Contribution margin ratio Alfred $ 18,300 " ÷ 66,000 = 27.73 % Bob $ 17,850 ÷ $ 70,000 = 25.50 % 20,500 + $ 90,000 = 22.78 % Cait $ Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why. is the sales representative with the…
Wildhorse Industries manufactures chairs and tables that are in high demand by local office furniture stores. Following is information for each of these products: Selling price per item Variable cost per item Contribution margin per item Machine hours per item Chairs O $9120 O $13080 O $10370 O $7320 $72.00 60.00 $12.00 1.60 Tables $92.00 75.00 $17.00 1.60 Wildhorse has 976 machine hours available each month. The demand for chairs is 580 units per month and the demand for tables is 360 units per month. If Wildhorse allocates its production capacity between the chairs and tables so that it maximizes the company's contribution margin, what will the total contribution margin be?
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EOQ for a retailer. The Cloth Center sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Cloth Center has collected the following information: Annual demand for denim cloth 20,000 yards Ordering cost per purchase order P160 Carrying cost per year 20% of purchase costs Safety-stock requirements None Cost of denim cloth P8 per year The purchasing lead time is 2 weeks. The Cloth Center is open 250 days a year (50 weeks for 5 days a week).1. Calculate the EOQ for denim cloth.2. Calculate the number of orders that will be placed each year3. Calculate the reorder point for denimcloth.
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered To From 1 30 31 60 61 120 121 and up Price per Roll $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. Hint: Xlookup is an Excel function available in Excel 2021 and above and in Microsoft 360. VLOOKUP, in this case will result in the same answer. $ 32260 (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 30 $215 40 31 60 $195 50 61 120 $175 60 121 and up $155 22 * * * *
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: From Quantity Ordered To 30 Price per Roll 1 31 60 61 120 121 and up $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 1 31 61 32 80 $215 $195 120 $175 121 and up $155 172 Hint(s) Check My Work
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Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows: Atlantic Wave Pacific Pounder Sales price $450 $400 Variable cost of goods sold per unit (167) (192) Manufacturing margin per unit $283 $208 Variable selling expense per unit (202) (112) Contribution margin per unit $81 $96 The sales unit volume for the territories and products for the period is as follows: East Coast West Coast Atlantic Wave 2,440 1,220 Pacific Pounder 0 1,220 Question Content Area a . Prepare a contribution margin by sales territory report. Compute the contribution margin ratio for each territory as a whole percent, rounded to two decimal places, if required.
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Waterway Ranch & Farm is a distributor of ranch and farm equipment. Its products include small tools, power equipment for trench- digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company Internet site. However, given some of its specialty products, select farm implement stores carry Waterway's products. Pricing and cost information on three of Waterway's most popular products are as follows. Item Stand-Alone Selling Price (Cost) Mini-trencher $3,700 ($2,040) Power fence hole auger 1,224 ($816) Grain/hay dryer 14,260 ($11,220) Respond to the requirements related to the following independent revenue arrangements for Waterway Ranch & Farm. IFRS is a constraint. Waterway sells three grain/hay dryers to a local farmer at a total contract price of $45,500. In addition to the dryers, Waterway provides installation, which has a stand-alone sales value of $775 per unit installed. The contract payment also includes a $1,395 maintenance plan for the…
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Bonita Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Bonita’s products. Pricing and cost information on three of Bonita’s most popular products are as follows.