answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hram777 [196]
1 year ago
6

Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l

abor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 2.00 1.50 3.00 B 2.50 2.00 1.00 C 0.25 0.25 0.25 During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $30 for product 1, $25 for product 2, and $28 for product 3. Formulate a linear programming model for maximizing total profit contribution. If the constant is "1" it must be entered in the box. If required, round your answers to two decimal places. Let Pi = units of product i produced
Business
1 answer:
Serjik [45]1 year ago
8 0

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

You might be interested in
A manufacturer of lawn care equipment has introduced a new product. The anticipated demand is normally distributed with a mean o
Serjik [45]

Answer:Expected profit = $2657a

Explanation:

5 0
2 years ago
Write a paragraph that explains the correlation between money supply and economic growth.
frutty [35]
The correct answer for this question is this one:
The correlation between money supply and economic growth is directly related because the as the number of money of supply increases, the significance to that with the economic growth is that there is progress. Hope this helps


3 0
1 year ago
Read 2 more answers
Suppose avon and nova stocks have volatilities of 50% and 25%, respectively, and they are perfectly negatively correlated. what
kirill115 [55]
I just got home and so he can get me to work on that the house and he can do it for me tomorrow and we can go to do something fun and do it for me tomorrow or
4 0
1 year ago
g On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $966,500. The indenture s
pentagon [3]

Answer:

The loss on early extinguishment is $8677.5

Explanation:

First of all,one needs to compute the carrying value of the bond as at the date of the call in order to determine the loss on early redemption.

carrying value =book value+interest expense-coupon payment

book value is $966,500

interest expense=$966,500*13%*6/12=$62,822.50  

coupon payment=$1000,000*11%*6/12=$55,000

carrying value=$966,500+$62,822.50-$55,000=$ 974,322.50  

Loss on redemption =call price -carrying value of the bond

call price is $983,000

loss on early redemption=$983,000-$974,322.50  =$8,677.5

4 0
1 year ago
Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw
melomori [17]

Answer:

$2,960,000

Explanation:

Raw Material Used in production:

= Raw Material Inventory Beginning + Purchases of Raw Material - Raw Material Inventory Ending

= $30,000 + $1,500,000 - $60,000

= $1,470,000

Total Manufacturing Cost:

= Raw Material Used in production + Direct Labor + Manufacturing Overhead applied to Work in process

= $1,470,000 + $690,000 + (225,000 + 75,000 + 500,000)

= $1,470,000 + $690,000 + $800,000

= $2,960,000

6 0
1 year ago
Other questions:
  • What are the three primary determinants of behavior in organizations?
    14·1 answer
  • Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?
    13·1 answer
  • Many business software services are offered as ____, including applications geared for collaboration, scheduling, customer servi
    12·1 answer
  • A professor is expected to cover 16 chapters in an operations management text each semester. One semester the professor dismisse
    14·1 answer
  • Assume that more corn is used to produce ethanol. Simultaneously, more effective control of pests and weeds occurs during farmin
    7·1 answer
  • Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*
    12·1 answer
  • Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po
    14·1 answer
  • "Our teams in different countries have learned a great deal, and I am putting together an international team to study and share
    14·1 answer
  • The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During October, the total cash deposite
    8·1 answer
  • Clothes Unlimited is a company that integrates agility into their supply chains. The company employs regular small-batch deliver
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!