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Module 6 HW prob 1
        Product            1    2    Total            Problem (1/2 point)
        Price            35    20
        Fixed cost (ignoring for now)                                Kiddies Carpentry produces Birdhouses and Storage boxes
        Unit cost            20    15                Storage boxes cost $20 to make, while Birdhouses cost $15.
        Quantity            125    120                Storage boxes sell for $35, while Birdhouses sell for $20.
                                        If Kiddies makes (and sells) 125 Storage boxes and 120 Birdhouses, what will
                                        be the total profit?
        Variable cost            2500    1800    4300            PROFIT =     2475
        Total cost            2500    1800    4300
        Revenue            4375    2400    6775
        Profit            1875    600    2475
                                        Learning objective: Get comfortable with BBM using two products instead of one,
                                        looking at totals across all products in addition to individual products.
Module 6 HW prob 2
        Price            35                    Problem (3/4 points)
        Fixed cost (ignoring for now)
        Resource 1 cost to acquire            5                    A storage box requires 4 square feet of wood and 30 nails.
        Resource 2 cost to acquire            0.25                    Storage boxes sell for $35
                        Total used
        Resource 1 used per unit            4    1000                Wood costs $5/square foot, and nails cost $0.25 each
        Resource 2 used per unit            30    7500
                                        What is cost of wood used PER STORAGE BOX?                     27.5
        Total unit cost            27.5                        (hint: cost of resource per for each unit of final product produced = cost per unit (in terms of the unit, such as kg) of resource x amount
                        Operating profit                     of resource needed to produce one unit of final product)
        Marginal profit per unit            7.5    1875
        Quantity            250                    What is the cost of nails used PER STORAGE BOX?                     7.5
        Total labor used            1000                    What is the marginal profit PER STORAGE BOX?                    7.5
        Total material used            7500                        (hint: this may or may not be the same as in problem 1)
        Total labor cost            5000    5000                If Kiddies makes 250 Storage boxes:
        Total material cost            1875    1875
                                        How much wood is used?                     1000
        Variable cost             6875
        Total cost            6875                    How many nails are used?                     7500
        Revenue            8750
        Profit            1875                    What is the total profit?                     1875
                                        Learning objective: Get comfortable with a product as being made
                                        of inputs, when the inputs and their cost has to be tracked as well
                                        as the overall product cost.
Module 6 HW...