Culver Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseballs Units 2,000 2,500...
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Culver Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseballs Units 2,000 2,500 Sales $120,000 $50,000 Variable costs 48,000 27,500 Fixed costs 20,000 10,500 Net income $52,000 $12,000 Yards of leather per unit 1.25 0.30 Net income per unit $26.00 $4.80 Unit contribution margin $36.00 $9.00 Assume that Culver is able to order an additional 3,500 yards of leather and wishes to maximize its net income. Of the additional units it produces, at least 700 of each product are necessary for sales. How many units of each must be produced? (Round contribution margin per yard to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Footballs Baseballs Units produce Culver Corporation makes two products, footballs and baseballs. Additional information follows: Footballs Baseballs Units 2,000 2,500 Sales $120,000 $50,000 Variable costs 48,000 27,500 Fixed costs 20,000 10,500 Net income $52,000 $12,000 Yards of leather per unit 1.25 0.30 Net income per unit $26.00 $4.80 Unit contribution margin $36.00 $9.00 Assume that Culver is able to order an additional 3,500 yards of leather and wishes to maximize its net income. Of the additional units it produces, at least 700 of each product are necessary for sales. How many units of each must be produced? (Round contribution margin per yard to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Footballs Baseballs Units produce
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Related Book For
Managerial Accounting
ISBN: 978-1118385388
2nd edition
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
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