Balloon, Inc. produces three types of balloons—small, medium, and large—with the following characteristics:
Selling price per unit
Variable cost per unit
Contribution margin per unit
Machine hours per unit
Demand in units
The company has only 2,000 machine hours available each month.
How many units of each type of balloon should the company make to maximize its total contribution margin?
The company will produce 500 units of small balloons and 500... View the full answer