Reference no: EM132807757
Range Rider Industries manufactures chairs and tables that are in high demand by local office furniture stores. Following is information for each of these products:
Chairs Tables
Selling price per item $62.00 $76.00
Variable cost per item 51.00 64.00
Contribution margin per item $11.00 $12.00
Machine hours per item 1.6 1.6
Problem 1: Range Rider has 900 machine hours available each month. The demand for chairs is 560 units per month and the demand for tables is 340 units per month. In order to maximize the company's total contribution margin, how should Range Rider allocate its production capacity between the chairs and tables (if necessary, round partial units down to the next nearest full unit)?
Option 1: 562 tables and 0 chairs
Option 2: 340 tables and 222 chairs
Option 3: 340 tables and 560 chairs
Option 4: 562 chairs and 0 tables
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