Moxy Inc Has 9,600 Machine Hours Available Each Month Required:
A

Essay

Moxy Inc. has 9,600 machine hours available each month. The following information on the company's three products is available:
$$\begin{array} { l r r r } & \text { Product X } & \text { Product Y } & \text { Product Z } \\\text { Contribution margin per unit } & \$ 20.00 & \$ 21.00 & \$ 17.50 \\\text { Machine hours per urit } & 8 & 12 & 6 \\\text { Sales demand in units } & 500 & 750& 1,000\end{array}$$
Required:
a. What production schedule will maximize the company's profits?
b. What will be the maximum possible contribution margin?