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A company is producing three products. Relevant information related to these product are as follows
A (Rs.) B (Rs.) C (Rs.)
Selling Price 200 240 360
Direct Material 30 36 54
Direct Labour 20 24 36
Variable Manufacturing
Overhead 15 18 27
Annual Demand
(Units) 1115 550 600
Currently company is expecting shortage of material and purchase department has intimated that 60000 kg of material will be available next year. Cost of material is Rs.10 per kg.
Requirements
Question 1: Calculate the quantity of material required for one unit of each product.
Question 2: Calculated the contribution margin per kilogram of material for each product.
Question 3: Determine optimal utilization of constraining resource (Material).
Question 4: Calculate maximum contribution margin that company can earn.
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