Kingston Manufacturing has 30,000 labor hours available for…

Kingston Manufacturing has 30,000 labor hours available for producing X and Y. Consider the following information: Product XProduct YRequired labor time per unit (hours)23Maximum demand (units)5,0007,000Contribution margin per unit$ 5$ 6Contribution margin per labor hour$ 2.50$ 2.00If Kingston follows proper managerial accounting practices, how many units of Product X should it produce?

Olsen Industries has the following information about mainten…

Olsen Industries has the following information about maintenance costs in the past six months.MonthMachine HoursAmountJanuary200$ 2,800February3503,000March4504,000April5005,000May6005,200June5805,800If the company uses the high-low method to analyze costs, Olsen’s variable cost is: