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What is the contribution margin ratio for toaster ovens

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Reference no: EM132886887

Problem - Kitchen Appliances Company manufactures two products: toaster ovens and bread machines. The following data are available:

 

Toaster Ovens

Bread Machines

Sales price

$100

$200

Variable costs

$30

$150

The company can manufacture three toaster ovens per machine hour and two bread machines per machine hour. The company's production capacity is 1,200 machine hours per month.

Required - What is the contribution margin ratio for toaster ovens at the Kitchen Appliances Company?

Reference no: EM132886887

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