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Question - Pappy's Toys makes two models of a metal toy-Standard and DeLuxe. Both models are produced on a single machine. The price and costs of the two models appear as follows.
Standard
DeLuxe
Price per unit
$140
$160
Variable cost per unit
$60
$64
Machine hours per unit
0.5
1.5
The one machine that used to produce both models has a capacity of 110,000 machine-hours per quarter. Fixed manufacturing costs per quarter are $900,000.
Required -
a. Suppose that the maximum unit sales in a quarter that Pappy's can achieve is 240,000 units of each product. How many units of each model should Pappy's produce in a quarter?
b. Suppose that the maximum unit sales in a quarter that Pappy's can achieve is 130,000 units of each product. How many units of each model should Pappy's produce in a quarter?
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