Reference no: EM133065766
Question - Terrazzo Corporation produces three kinds of ceramic tiles that are used in home and office construction. Details are as follows.
Tile 1 = Price per unit $40, Unit Variable Cost $10, Machine Hours requird .2
Tile 2 = Price per unit $60, unit variable cost $28, Machine hours required .5
Tile 3 = Price per unit $100, unit variable cost $48, Machine hours reqired 1.25
Terrazzo has 30,000 Machine hours available for production
Required -
A. Determine the amount of each type of tile that terrazzo should produce.
B. Determine terrazzo contribution margin using your decision in requirement.
C. Assume that the demand for each type of tile is limited to 20,000 units each. Determine the amount of each type of tile that terrazzo should produce.
D. Determine terrazzo contribution margin using your decision in requirement (c).
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