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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.

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The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
taurus [48]

Answer:

Materials costs =$ 14.6 Per EUP          

Conversion Costs=  $6 Per EUP

Explanation:

<u><em> Ashad Company</em></u>

<u><em>Process Cost Summary</em></u>

<u><em>Weighted Average Method</em></u>

<u>Equivalent Units of Production</u>

                                           <u>Direct Materials              Conversion</u>

Units transferred out             43,000                          43,000

Units of ending work in process 4,700                      2,820

Equivalent units of production    47,700                       45,820

<u />

<u>Costs per EUP</u>

                                                     <u> Direct Materials        Conversion </u>

Costs of beginning work in process$ 28,450              $3,270

Costs incurred this period                    667,970            271,650

Total costs                                           $696,420             $274,920

Equivalent units of production               47,700                       45,820

Cost Per Equivalent Unit                $696,420/ 47,700        $274,920/ 45,820

                                                          $ 14.6 Per EUP            $6 Per EUP

8 0
1 year ago
West Virginia has one of the highest divorce rates in the nation with an annual rate of approximately 5 divorces per 1000 people
Alex17521 [72]

Answer:

a. Yes. It is a probability density function because \sum f(x) =1

. b. probability MCC will obtain more than 30 new clients=P(40)+P(50)+P(60)= 0.20+0.35+0.20=0.75

c. probability MCC will obtain fewer than 20 new clients= P(10)= 0.05

d.

x f(x) x*f(x) x*x*f(x)

10 0.05 0.5 5

20 0.1 2 40

30 0.1 3 90

40 0.2 8 320

50 0.35 17.5 875

60 0.2 12 720

1 43 2050

expected value = \sum xf(x) = 43

Variance = 2050-43^2= 201

Explanation:

8 0
2 years ago
A company must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units t
Nastasia [14]

Answer: $67,600 and $2600

Explanation:

Total unit = 13,000

Defective unit cost = $5.20

Resale price = $3.00

Reworked = $5.00

Full price = $8.20

Opportunity cost

= Full price - replacement unit

= 8.20 - 5.20

= 3.00

= . Cost of reselling

= 13,000 × 3.00

= $39,000

1. Cost of defective units

= 13,000 × 5.20

= $67,600

2. Cost of reworked

= $5.00 × 13,000

= $65,000

3. Full price

= 13,000 × $8.20

= $106,600

B. Incremental income of selling the unit as scrap and reworked

Scarp = $67, 600

Reworked = $(106600 -39, 000- 65,000)

= $2600

8 0
1 year ago
Hewlett Packard makes a variety of inkjet printers for personal computers. You can buy a basic 'all in one' printer that scans,
Olenka [21]

Answer: Captive product pricing  

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In the given case, Hewlett packard are charging low for their printers but the prices of cartidges are high.

Hence from the above we can conclude that the above example depicts captive product pricing.

5 0
1 year ago
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $69,000
USPshnik [31]

Answer:

bad  debt expense 18,000

Explanation:

bad debt 1% of credit sales:

180,000 x 1% = 18,000

When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.

So no calculation is needed for those.

8 0
2 years ago
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