SimplengTaksil Company produces furniture. It has four products, tables, chairs, cabinets and bookshelves. It has 50,000 direct labor hours available. Below are the details pertaining to each product:                            Table              Chairs         Cabinets          Bookshelves CM/Unit              P25                  P20              P28                  P24 DLH/Units       5 hours             2 hours        7 hours             5 hours Maximum      3,500 units     12,000 units   5,000 units       3,000 units demand   What will be the highest contribution margin if we prioritize the products properly?

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A:

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.