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17. Elegance Bath Products, Inc. (EBP) makes a variety of ceramic sinks and tubs. EBP has just developed a line of sinks and tubs made from a mixture of glass and ceramic. The sinks sell for $150 each and have variable costs of $80. The tubs sell for $600 and have variable cost of $450. The glass and ceramic sinks and tubs require the use of specialized molding equipment. The specialized molding equipment has 4,050 hours of capacity per year. A sink uses an average of 2 hours of specialized molding equipment time; a tub uses an average of 5 hours of specialized molding equipment time. What is the contribution margin per hour of specialized molding equipment time for sinks? a. $35.00 b. $33.33 c. $70.00 d. $200.00 e. $68.33 18. Assume that EBP can sell as many as 1,000 sinks and 500 tubs per year. How many tubs should EBP produce? a. 1,000 b. 500 c. 410 d. 675 e. zero 19. What is the contribution margin per hour of specialized molding time for tubs? a. $35.00 b. $30.00 c. $70.00 d. $200.00 e. $68.33 20. Assuming that specialized molding equipment time is the only constrained resource, and that EBP can sell as many tubs and sinks as it can produce, how many sinks should be sold? a. 2,050 b. 2,025 c. zero d. 4,050 e. 810 21. Parron Company sets price equal to cost plus 60%. Recently, Parron charged a customer a price of $42 for an item. What was the cost of the item to Parron? a. $26.25 b. $42 c. $25.20 d. $67.20 e. $40.32 22. Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What is the target price for the new product? a. $64 b. $12.80 c. $320 d. $80 e. $53