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$ Capital Corporation manufactures and sells three different types of binoculars

ID: 2349059 • Letter: #

Question

$

Capital Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is required to grind and polish the lenses used in the Better and Best binoculars. Additional information is provided below. Product Good Better Best Selling price $71.91 $301.76 876.18 Variable costs and expenses 52.41 178.76 451.38 Contribution margin $19.50 $123.00 $424.80 Grinding and polishing time required 0.3 hrs 1.5 hrs 5.9 hrs

Explanation / Answer

Contribution margin per unit per hour of grinding time for each type are: Good 35.40/0.6=$59 Better 137.60/1.6= $86 Best 445.30/6.1= $73. So if grinding and polishing time is a scarce resource, it should be used on better first, best second, and good third, in order of contribution margin per hour of grinding time.

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