Excel memory company can sell all units of computer memory x and y that it can produce, but it has limited production capacity. it can produce two units of x per hour or three units of y per hour, and it has 4,000 production hours available. contribution margin is $5 for product x and $4 for product y. 1. calculate contribution margin per production hour. 2. what is the most profitable sales mix for this company? allocate 24% its production capacity to product y allocate 40% its production capacity to product x allocate all of its production capacity to product y allocate all of its production capacity to product x

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.