Question: Please answer the Requirements according to the form (The numbers are not the same). Please make sure your answer is correct. Thanksss Storage Solutions produces

Please answer the Requirements according to the form (The numbers are not the same). Please make sure your answer is correct. Thanksss
Storage Solutions produces plastic storage bins for household storage needs. (Click the icon to view additional information.) Sales prices and variable costs are as follows: (Click the icon to view the costs.) Read the requirements. Requirement 1. Which product should Storage Solutions emphasize? Why? Complete the product mix analysis to determine the contribution margin per machine hour. Storage Solutions Product Mix Analysis Regular Large More info X Data table Regular Large The company makes two sizes of bins: large (50 gallon) and regular (35 gallon). Demand for the products is so high that Storage Solutions can sell as many of each size as it can produce. The company uses the same machinery to produce both sizes. The machinery can only be run for 3,300 hours per period. Storage Solutions can produce 10 large bins every hour, whereas it can produce 15 regular bins in the same amount of time. Fixed costs amount to $125,000 per period. $ 8.80 $ 10.80 Sales price per unit Variable costs per unit 3.50 4.30 Print Done Print Done Call Regular $ 8.30 Large $ 10.80 Sales price per unit Variable cost per unit 3.40 4.50 Contribution margin per unit 4.90 6.30 16 9 Units per machine hour 78.40 $ 56.70 Contribution margin per machine hour Which product should Storage Solutions emphasize? Why? Storage Solutions should emphasize the production of regular bins because this product has the higher contribution margin per machine hour. Requirement 2. To maximize profits, how many of each size bin should Storage Solutions produce? (Enter a "0" for any zero amounts.) Storage Solutions should spend 2,700 machine hours making 43,200 regular size bins, and machine hours making 0 large size bins. Requirement 3. Given this product mix, what will the company's operating income be? Number of regular size bins per period 43,200 $ 4.90 Contribution margin per regular size bin Total contribution margin $ 211.680 125,000 Fixed costs $ 86,680 Operating income
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