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Calculate the contribution per labor minute

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Reference no: EM131821962

Question - A Company produces and sells three products (A,B,C). The following data relate to the three products.

A B C

Demand in units 120 110 100

Selling price 100 120 105

Raw materials costs/unit 50 60 60

Labor time in min/unit 12 17 7

Required:

(1) Calculate the contribution per labor minute for each product.

(2) Determine the best product mix. Assume there are five employees, and given time for breaks, training, and regular meetings, there are a total of 2,200 minutes available per day.

Reference no: EM131821962

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