Danny Dolittle makes crafts in his spare time and always sells everything he makes at local...
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Danny Dolittle makes crafts in his spare time and always sells everything he makes at local craft shows. Danny specializes in four products. Because Danny's time is limited before the next craft show, he is trying to decide how to use his time to the best advantage. Information related to the four products that Danny produces are shown below: Contribution margin per unit Contribution margin ratio Time required per unit (in hours) Rag Dolls Pot Holders Bread Finger Baskets Puppets $ 8 40% $ 2 25% $ 12 328 $ 6 30% 1.4 0.5 3.5 2.0 Rank the products from the most profitable to the least profitable use of the constrained resource. Danny Dolittle makes crafts in his spare time and always sells everything he makes at local craft shows. Danny specializes in four products. Because Danny's time is limited before the next craft show, he is trying to decide how to use his time to the best advantage. Information related to the four products that Danny produces are shown below: Contribution margin per unit Contribution margin ratio Time required per unit (in hours) Rag Dolls Pot Holders Bread Finger Baskets Puppets $ 8 40% $ 2 25% $ 12 328 $ 6 30% 1.4 0.5 3.5 2.0 Rank the products from the most profitable to the least profitable use of the constrained resource.
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