The following information is provided concerning the two products: Standard Deluxe
Estimated demand(beds) 315 135
Selling price per bed (K) 2,240 3,140
Variable costs per bed (K) 1,260 1,740
Fixed costs per bed (K) 800 1,400
Machine hours per bed 16 28
Direct labour hours per bed 12 14

Fixed costs are absorbed into unit costs at a rate per machine hour based on full capacity.

Required:

(a) Calculate the profit maximizing production plan and the corresponding optimum profit.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation