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Hanson Corp

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Hanson Corp. produces three products, and is currently facing a labor shortage - only 3,000 hours are available this month. The selling price, costs, and labor requirements of the three products are as follows: Hanson Corp. produces three products, and is currently facing a labor shortage - only 3,000 hours are available this month. The selling price, costs, and labor requirements of the three products are as follows:   a. What is the contribution margin per unit for each product? b. What is the contribution margin per direct labor hour for each product? c. Assume Hanson has unlimited demand for each product. Which product should Hanson focus on producing? a. What is the contribution margin per unit for each product?
b. What is the contribution margin per direct labor hour for each product?
c. Assume Hanson has unlimited demand for each product. Which product should Hanson focus on producing?


Definitions:

Important Decision

A significant choice that has substantial consequences on an individual's life or an organization's direction.

Crowdsourcing

The practice of obtaining information, ideas, or input by soliciting contributions from a large group of people, typically from the online community.

Crowdsourcing

The process of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially from an online community.

Analytics

The systematic computational analysis of data or statistics to discover patterns, trends, or insights.

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