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11 August, 18:53

Myosot Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $12; the unit contribution margin for Model P-4 is $20. Each model must spend time on a special machine. The firm owns two machines that provide 6,000 hours of machine time per year together. Model K-3 requires 24 minutes of machine time; Model P-4 requires 36 minutes of machine time. What is the amount of machine time for model K-3 in terms of percent of a machine hour? a. 12%

b. 24%

c. 36%

d. 40%

e. 66%

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  1. 11 August, 19:19
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    D. 40%

    Explanation:

    The computation of the mount of machine time for model K-3 in terms of percent of a machine hour is shown below:

    = (Model K-3 : Machine Hour) * 100

    = (24 minutes : 60 minutes) * 100

    = 40%

    As the machine hours contain 60 minutes so we divide the model k-3 required time by the machine hour so that the percent of machine hour could come
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