Markov Fireworks Produces Two Products,spinners and Sparklers

question 61

Essay

Markov Fireworks produces two products,spinners and sparklers.Spinners sell for $4.50 per unit; sparklers sell for $6.50 per unit.Variable costs for spinners and sparklers are respectively,$3.50 and $3.00.There are 3,600 direct labor hours per month available for producing one of the two products.Fixed manufacturing overhead cost is allocated at $1,000 per month.Spinners require 2 direct labor hours and sparklers require 5 direct labor hours.
Compute the following:
A.Contribution margin per unit for each product.
B.Contribution margin per direct labor hour for each product.
C.The total number of products produced if only that product is produced each month.
D.Income for a month if only one product is produced and total production is sold.

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Definitions:

Plate Boundary

The edges where two tectonic plates meet, which can be categorized into convergent, divergent, or transform boundaries based on their movement relative to each other.

Spreading Center

Divergent boundary where two oceanic plates move apart (diverge).

Transform Fault

A geological fault where the movement of the Earth's crust is predominantly horizontal, often leading to earthquakes in these regions.

Subduction Zone

A region of the Earth's crust where one tectonic plate moves under another, often associated with volcanic activity and earthquakes.