Ask Question
3 March, 04:04

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%

+4
Answers (1)
  1. 3 March, 04:36
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers