A company produces and sells three products abc. the, Ask an Expert

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A Company produces and sells three products (A,B,C). The following data relate to the three products.
A B C
Demand in units 120 110 100
Selling price 100 120 105
Raw materials costs/unit50 60 60
Labor time in min/unit 12 17 7

Required: (1) Calculate the contribution per labor minute for each product. (2) Determine the best product mix. Assume there are five employees, and given time for breaks, training, and regular meetings, there are a total of 2,200 minutes available per day.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409922

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