Question Details

(Solution Download) Parts 1 and 2 have already been completed I just can't get any further for some reason. Any help...


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Parts 1 and 2 have already been completed I just can't get any

 

further for some reason. Any help is much appreciated.

 

Marwick Innovations, Inc. produces exercise and fitness gear.

 

Two of its newer products require a finishing process that can only

 

be completed on machines that were recently purchased for this

 

purpose. The machines have a maximum capacity of 6,000 machine

 

hours, and no other products that the company makes use these

 

machines.

 


 

Sarah Jacob, the companyA????1s operations manager, is preparing the

 

production schedule for the coming month and canA????1t seem to find

 

enough machine time to produce enough units to meet the customer

 

demand that the marketing department has included in the sales

 

budget.

 


 

Michael Stoner, the companyA????1s controller, has gathered the

 

following information about the two products:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dumbbell

 

Rack

Weight

 

Bench

Selling price per unit$49$59
Direct materials1914
Direct labor48
Variable overhead26
Fixed overhead610
Profit per unit$18$21
Unit sales demand4,0007,000
Machine hours per unit0.50.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correct answer.Your answer is correct.

 

Calculate the total number of machine hours needed to produce

 

enough units to meet the sales demand for the two products.

 

 

 

 

 

 

 

 

 

Total number of machine hoursEntry field with correct answer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correct answer.Your answer is correct.

 

How should Sarah allocate the 6,000 available machine hours between

 

the two products so that Marwick maximizes its profits?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Machine Hours
Weight BenchEntry field with correct answer
Dumbbell rackEntry field with correct answer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorrect answer.Your answer is incorrect. Try again.

 

What total contribution margin will Marwick realize based on your

 

answer to part (b)?

 

 

 

 

 

 

 

 

 

Total contribution margin$Entry field with incorrect answer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

SAVE FOR LATER

 

 

SUBMIT ANSWER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(d1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorrect answer.Your answer is incorrect. Try again.

 

Sarah has talked with the marketing department about the situation

 

and suggested that the company raise the sales price on the weight

 

bench to $67 to reduce customer demand. The marketing department

 

believes that at the higher price, demand for the weight bench will

 

drop to 5,720 units. How should Sarah allocate the 6,000 machine

 

hours based on this new information?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Machine Hours
Weight BenchEntry field with incorrect answer
Dumbbell rackEntry field with incorrect answer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

SAVE FOR LATER

 

 

SUBMIT ANSWER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(d2)

 

Sarah has talked with the marketing department about the situation

 

and suggested that the company raise the sales price on the weight

 

bench to $67 to reduce customer demand. The marketing department

 

believes that at the higher price, demand for the weight bench will

 

drop to 5,720 units. What total contribution margin will Marwick

 

earn?

 

 

 

 

 

 

 

 

 

Total contribution margin$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

SAVE FOR LATER

 

 

SUBMIT ANSWER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(e1)

 

After hearing about SarahA????1s recommendation to increase the weight

 

bench price to $67, Scott Wilson, the sales manager, suggested that

 

the company raise the price of the dumbbell rack instead. He

 

believes that if the price is increased to $55, demand will fall to

 

2,000 units. How should Sarah allocate the 6,000 machine hours

 

under ScottA????1s proposal?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Machine Hours
Weight Bench
Dumbbell rack

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LINK TO TEXT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: Unlimited

 

SAVE FOR LATER

 

 

SUBMIT ANSWER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question part

 

(e2)

 

After hearing about SarahA????1s recommendation to increase the weight

 

bench price to $67, Scott Wilson, the sales manager, suggested that

 

the company raise the price of the dumbbell rack instead. He

 

believes that if the price is increased to $55, demand will fall to

 

2,000 units. What total contribution margin will Marwick

 

earn?

 

 

 

 

 

 

 

 

 

Total contribution margin$

 

 

 

 


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