Business, 05.05.2020 16:10 2019jonathanbradford
Benoit company produces three products, a, b, and
c. data concerning the three products follow (per unit): product a b c selling price $ 80 $ 56 $ 70 variable expenses: direct materials 24 15 9 other variable expenses 24 27 40 total variable expenses 48 42 49 contribution margin $ 32 $ 14 $ 21 contribution margin ratio 40 % 25 % 30 % demand for the company's products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $3 per pound with a maximum of 5,000 pounds available each month. required: 1. compute contribution margin per pound of materials used. (round your answers to 2 decimal places.) 2. which orders would you advise the company to accept first, those for a, for b, or for c
Answers: 3
Business, 22.06.2019 20:30, smarty5187
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 23.06.2019 01:30, danielweldon1234
Young owners of a sole proprietorship will likely not find financial support available from?
Answers: 2
Business, 23.06.2019 21:00, eddsworldfrantic
Amy-jo works for herself selling weight-loss products door to door. this isnot typical, because most door-to-door salespeople work for companies. not typical, because products are rarely sold door to door. typical, because most door-to-door salespeople are self-employed. typical, because most weight-loss products are sold door to door.
Answers: 1
Benoit company produces three products, a, b, and
c. data concerning the three products...
c. data concerning the three products...
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