Bell Company produces and sells three products (A, B, C). The following data relate to the three products. Management considers labor to be a fixed cost. 
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.
Definitions:
Demand Schedule
A table or graph that displays the quantity of a good or service demanded at various prices.
Total Revenue
The aggregate revenue a corporation generates from the sale of goods or provision of services in a designated period.
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
Q4: The discounted net-of-tax amount that should be
Q14: Assuming sales and marketing are not correct
Q18: Grey Inc. is considering purchasing a machine
Q51: The cost(s) NOT relevant for this asset-replacement
Q51: The estimated net present value (NPV) of
Q59: The profitability index (PI) is calculated as:<br>A)Net
Q63: Relevant or differential cost analysis:<br>A)Takes all variable
Q66: The sales volume variance, in terms of
Q109: Western Electronics (WE) is reviewing the following
Q155: The direct labor rate variance for December