Zoom Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is required to grind and polish the lenses used in the Better and Best binoculars. Additional information is provided below. Product Good Better BestSelling price $90.00 $330.00 $900.00Variable costs and expenses 50.00 180.00 480.00Contribution margin $40.00 $150.00 $420.00Grinding and polishing time required 0.5 hrs 1.5 hrs 6 hrsWhat is the contribution margin per unit of limited resource for each type of binocular? Good Better BestContribution margin per unit of limited resource $ $ $

The contribution margin per unit can be calculated by dividing the contribution margin with the time…

Answered: Zoom Corporation manufactures and sells…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Zoom Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is required to grind and polish the lenses used in the Better and Best binoculars. Additional information is provided below.

	Product
	Good	Better	Best
Selling price	$90.00	$330.00	$900.00
Variable costs and expenses	50.00	180.00	480.00
Contribution margin	$40.00	$150.00	$420.00
Grinding and polishing time required	0.5 hrs	1.5 hrs	6 hrs