Please do not give solution in image format thanku Insiteful Instruments produces two models of binoculars. Information for each model is as follows:Model 101Model 100$ 200Sales price per unitCosts and expenses per unit:Direct materialsDirect laborManufacturing overhead(applied at the rate of $18 per machine-hour,1/3 of which is fixed and 2/3 variable)Variable selling expensesTotal costs and expenses per unitProfit per unitMachine-hours required to produce one unit$ 51333630150$ 50$38307215$ 215o. Prepare a schedule showing the contribution margin per machine-hour for each product.b. Which of the two products should be discontinued?155$ 60Total manufacturing overhead amounts to $180,000 per month, one-third of which is fixed. The demand for either product is sufficientto keep the plant operating at full capacity (10,000 machine-hours per month). Assume that only one product is to be produced in thefuture.

It is the process of making decisions that involve the management of costs in order to achieve…

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Business

Accounting

uments produces two models of binoculars. Information for each model is as follows:

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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