The managers at the Wicker Basket Manufacturing Mart assemble two baskets,a standard wicker basket and a deluxe wicker basket,at a plant in Virginia Beach,Virginia.Only 200 machine hours are available daily to produce the baskets.The managerial accountant reported the following information:

Required
Compute the contribution margin per unit and the contribution margin percentage of each basket sold.Do you have enough information to determine which basket should be sold? Show all work.

Question

The managers at the Wicker Basket Manufacturing Mart assemble two baskets,a standard wicker basket and a deluxe wicker basket,at a plant in Virginia Beach,Virginia.Only 200 machine hours are available daily to produce the baskets.The managerial accountant reported the following information:
  
Required
Compute the contribution margin per unit and the contribution margin percentage of each basket sold.Do you have enough information to determine which basket should be sold? Show all work.

Quizplus · Accepted Answer

The Answer of The managers at the Wicker Basket Manufacturing Mart assemble two baskets,a standard wicker basket and a deluxe wicker basket,at a plant in Virginia Beach,Virginia.Only 200 machine hours are available daily to produce the baskets.The managerial accountant reported the following information:
  
Required
Compute the contribution margin per unit and the contribution margin percentage of each basket sold.Do you have enough information to determine which basket should be sold? Show all work.

The Managers at the Wicker Basket Manufacturing Mart Assemble Two