Gemini sells the following four products the demands for


Question: Gemini sells the following four products. The demands for the products are unlimited. Price and manufacturing cost data follow. All products require a simulation. Currently, only 1,000 hours of simulation time are available. Product Delta Epsilon Phi Sigma Selling price per unit $ 2,000 $ 2,400 $3,400 $1,000 Standard cost per unit: Variable $ 950 $ 1,800 $2,200 $620 Fixed 850 200 600 100 Total $1,800 $2,000 $2,800 $720 Contribution margin ratio 0.525 0.250 0.353 0.380 Gross profit ratio 0.100 0.167 0.176 0.280 Simulation time needed per unit of product 3 hrs 2 hrs 3 hrs 1 hr Gemini should produce which product first?

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Accounting Basics: Gemini sells the following four products the demands for
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