Your company just purchased a plant previously owned by one of your competitors in a nearby state. Your group has been asked to look at the feasibility of upgrading the sensors used in both plants to Internet-enabled sensors connected to the Internet of Things. It is estimated that the cost of replacing the existing sensors and converting to the Internet of Things is in the vicinity of $1.5 million. What is the greatest tangible benefit likely to arise from replacing the sensors so that they operate on the Internet of Things?

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.