A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant manufacturing data are given in the table. Maximum Labor-Hours Labor-Hours per Ski Available per Day Department Fabricating Finishing Answer parts (A), (B), and (C) below. Trick Ski Slalom Ski 8. 384 56 (A) If the profit on a trick ski is $40 and the profit on a slalom ski is $50, how many of each type of ski should be manufactured each day to realize a maximum profit? What is the maximum profit? The maximum profit is $ 2800 . The maximum occurs when O trick skis and 56 slalom skis are produced. (B) Discuss the effect on the production schedule and the maximum profit if the profit on a slalom ski decreases to $45. The maximum profit The maximum occurs when trick skis and slalom skis are produced.
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- [The following information applies to the questions displayed below.] Harbortown Marine Products (HMP) manufactures and sells various fixtures for boat cabins. One fixture uses a specialized fitting that is not used in any other HMP product. The management of HMP has considered outsourcing the fitting for several years but has never identified a suitable supplier. HMP has collected the following data on the cost of the fitting: Materials Labor Manufacturing overhead Total Rivard Fittings, a local auto supplier, contacts HMP and tells them that because of the loss of one of Rivard's customers, there is enough capacity to produce up to 5,000 units of the fitting monthly. Rivard has offered to sell HMP any quantity (up to 5,000 units monthly) at a price of $20 per fitting. $ 6.40 4.80 14.40 $ 25.60 If Rivard supplies all of the 3,000 fittings currently produced by HMP, HMP will avoid all of the variable overhead associated with the fitting and one-third of the fixed overhead. Management…Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?The following data refer to a single product, the TECHWHIZ, made by the Markdata Computer Company:Sales price = $5,595Direct materials cost (including purchased components) = $899Direct labor cost = $233Facilities costs (for a highly automated plant; mainly includes rent, insurance,taxes, and depreciation) = $2,352,000 per yearRequired1. What is the contribution margin per unit?2. What is the breakeven point, in units and in dollars?3. What is the required level of sales (in units) if the company plans to increase facilities costs by 5% (toimprove product quality and appearance) and has a desired before-tax profit (πB) of $200,000?4. If the company’s income tax rate is 22%, what unit sales are necessary to achieve an after-tax profit (πA)of $150,000?
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