Florence Corporation Makes Three Products That Use the Current Constraint,which

question 134

Essay

Florence Corporation makes three products that use the current constraint,which is a particular type of machine.Data concerning those products appear below:
$$\begin{array} { | l | r | r | r | } \hline & \times 1 & \mathrm { R } 2 & 23 \\\hline \text { Selling price per unit } & \$ 325.89 & \$ 543.15 & \$ 508.00 \\\hline \text { Variable cost per unit } & \$ 251.94 & \$ 420.75 & \$ 397.60 \\\hline \begin{array} { l } \text { Time on the constraint } \\\text { (minutes) }\end{array} & 5.10 & 8.50 & 8.00 \\\hline\end{array}$$
Required:
a.Rank the products in order of their current profitability from the most profitable to the least profitable.In other words,rank the products in the order in which they should be emphasized.Show your work!
b.Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product.Up to how much should the company be willing to pay to acquire more of the constrained resource?

Comprehend the relationship between an economy's income and expenditure.

Identify what is included and excluded in the computation of GDP.

Understand the significance of macroeconomic statistics beyond GDP.

Recognize the difference between GDP and GNP.

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Definitions:

Mexican Independence

The process which led to Mexico's freedom from Spanish colonial rule, officially starting in 1810 and culminating in 1821.

1821

The year 1821 marks significant global events, including Mexico's independence from Spain and the beginning of the Greek War of Independence against the Ottoman Empire.

Wheat Farming

The cultivation of wheat crops, a significant agricultural practice critical for food production worldwide.

Mechanized Agriculture

The use of machinery in farming, such as tractors and combine harvesters, to increase efficiency, productivity, and crop yields, replacing manual labor and traditional methods.