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Problem 1: The company produce product x and product y which are processed in cutting and assembly department. Each unit of x requires 2 hours in cutting department and 4 hours in assembly department which each unit of y requires 4 hours in cutting and 2 hours in assembly department. The total time available in cutting is 72 hours and 48 hours in assembly. If the contribution margin is Php5.00 per unit of x and Php10,000 per unit of y, how many units of x and y must be produced to maximize profit?
Financial Statement Analysis and Preparation
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