The following information is provided concerning the two products: Standard Deluxe
Estimated demand(beds) 315 135
Selling price per bed (K) 2,240 3,140
Variable costs per bed (K) 1,260 1,740
Fixed costs per bed (K) 800 1,400
Machine hours per bed 16 28
Direct labour hours per bed 12 14

Fixed costs are absorbed into unit costs at a rate per machine hour based on full capacity.

Required:

(a) Calculate the profit maximizing production plan and the corresponding optimum profit.

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?

Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past