Crane Corporation Makes Four Products in a Single Facility

question 20

Multiple Choice

Crane Corporation makes four products in a single facility. Data concerning these products appear below:

The milling machines are potentially the constraint in the production facility. A total of 22,600 minutes are available per month on these machines.
-Up to how much should the company be willing to pay for one additional minute of milling machine time if the company has made the best use of the existing milling machine capacity? (Round your answer to the nearest whole cent.)

• A)$11.00
• B)$0.00
• C)$4.55
• D)$15.00

Comprehend the role of preparation, presentation, and follow-up in successful sales.

Acknowledge the continuous need for obtaining referrals and managing leads.

Recognize the importance of networking and prospect qualification in the selling process.

Understand the role of social media, especially LinkedIn, in the prospecting process.

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out to shareholders as dividends. These funds are often reinvested in the business.

Net Capital Spending

The total spending on fixed assets minus the proceeds from the sale of fixed assets over a period.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of accounting standards for financial reporting by Canadian companies.