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Home Q & A Board Other Fields Homework Help Business Accounting
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rasnulx rasnulx
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A year ago
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:

​​ChairsTables
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 item1.61.6

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?

▸ 562 tables and 0 chairs

▸ 340 tables and 560 chairs

▸ 340 tables and 222 chairs

▸ 562 chairs and 0 tables
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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bwhurdbwhurd
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A year ago
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