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Sheridan Co. is considering the introduction of three new products. Per unit sales and cost information are as follows: Sales Variable costs Fixed costs Labor hours per unit Monthly demand in units A $ 3.00 $ 1.20 $ 0.50 0.75 hours 800 B $5.00 $3.40 $1.00 1.25 hours 650 с $ 15.00 $ 8.00 $ 3.50 2.00 hours 250

Sheridan Co. is considering the introduction of three new products. Per unit sales and cost information are as follows: Sales Variable costs Fixed costs Labor hours per unit Monthly demand in units A $ 3.00 $ 1.20 $ 0.50 0.75 hours 800 B $5.00 $3.40 $1.00 1.25 hours 650 с $ 15.00 $ 8.00 $ 3.50 2.00 hours 250

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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Sheridan Co. is considering the introduction of three new products. Per unit sales and cost information are as follows: Sales Variable costs Fixed costs Labor hours per unit Monthly demand in units A B A $ 3.00 $ 1.20 $ 0.50 C 0.75 hours 800 B $5.00 $3.40 $1.00 1.25 hours 650 с $15.00 $ $ 8.00 3.50 The company has only 1,600 direct labor hours available to commit to production of any new products. How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) 2.00 hours 250
Transcribed Image Text:Sheridan Co. is considering the introduction of three new products. Per unit sales and cost information are as follows: Sales Variable costs Fixed costs Labor hours per unit Monthly demand in units A B A $ 3.00 $ 1.20 $ 0.50 C 0.75 hours 800 B $5.00 $3.40 $1.00 1.25 hours 650 с $15.00 $ $ 8.00 3.50 The company has only 1,600 direct labor hours available to commit to production of any new products. How many of each product should Sheridan Co. produce and sell to maximize its profit? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) 2.00 hours 250
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