Which product gemini should produce

Assignment Help Accounting Basics

Reference no: EM131763657

Question: Gemini sells the following four products. The demands for the products are unlimited. Price and manufacturing cost data follow. All products require a simulation. Currently, only 1,000 hours of simulation time are available. Product Delta Epsilon Phi Sigma Selling price per unit $ 2,000 $ 2,400 $3,400 $1,000 Standard cost per unit: Variable $ 950 $ 1,800 $2,200 $620 Fixed 850 200 600 100 Total $1,800 $2,000 $2,800 $720 Contribution margin ratio 0.525 0.250 0.353 0.380 Gross profit ratio 0.100 0.167 0.176 0.280 Simulation time needed per unit of product 3 hrs 2 hrs 3 hrs 1 hr Gemini should produce which product first?

Reference no: EM131763657

Questions Cloud

Discuss the cost of the finished goods on hand from this job : manufacturing overhead applied, $180,000; units produced, 15,000 units; units sold, 12,000 units. The cost of the finished goods on hand from this job is

Prepare an incremental analysis for the special order : "Haslett Inc. manufactures basketballs for the National Basketball Association (NBA). Prepare an incremental analysis for the special order

Discuss the role of forecasting in supply chain management : Discuss the role of forecasting in supply chain management. What is the difference between a trend and a cycle and a seasonal pattern?

What prices are the businesses in your industry charging : What prices are these businesses in your chosen industry charging? Try to get at least ten examples of businesses and the prices they are charging.

Which product gemini should produce : Gemini sells the following four products. The demands for the products are unlimited. Price and manufacturing cost data follow.

In the absence of any existing formal procedures : In the absence of any existing formal procedures, how could you within your own workgroup build an informal dispute resolution process?

Calculate the labor quantity variance : During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was

Calculate the balances for noncontrolling interest : Calculate the balances for noncontrolling interest as of Dec 31

What is the net present value of cash flows : The ABC Block Company anticipates receiving $50,000 per year from its investments (with no change) over the next 12 years, with the first payment occuring.

User Account

All Pages