5 Anne Sugar makes large ceramic pots foruse in outdoor landscaping. She currentlyhas two models, one square and the otherround. Because of the size of Anne'screations, only one pot can be fired in thekiln at a time. Information about eachmodel follows:Square RoundSales price $116Variable$142$72$56costFiring time2.5 hours3.5 hoursAssume that Anne can sell as many pots asshe can create but that she is limited as tothe number of hours that the kiln can berun.Compute the contribution margin per unitand contribution margin per hour of firingtime.

Answered: Image /qna-images/answer/0e49b458-8ec3-4740-893b-7b4154b05781.jpg

Square Round $116 Sales price $142 Variable $56 $72 cost Firing time 2.5 hours 3.5hours Assume that Anne can sell as many pots as she can create but that she is limited as to the number of hours that the kiln can be run. Compute the contribution margin per unit and contribution margin per hour of firing time.

Square Round $116 Sales price $142 Variable $56 $72 cost Firing time 2.5 hours 3.5hours Assume that Anne can sell as many pots as she can create but that she is limited as to the number of hours that the kiln can be run. Compute the contribution margin per unit and contribution margin per hour of firing time.

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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