The Bata Aerobics Company manufactures two models of steppers used for aerobics exercises. To manufacture each luxury model requ
ires 20 lb of plastic and 9 min of labor. To manufacture each standard model requires 30 lb of plastic and 6 min of labor. The profit for each luxury model is $40, and the profit for each standard model is $15. If 12,600 lb of plastic and 60 hr of labor are available for the production of the steppers per day, how many steppers of each model should Bata produce in order to maximize its profits? Let x = number of Luxury Steppers and y = number of Standard Steppers.
Healthcare worker's main goals are to treat patient illnesses, but they cannot ignore social and cultural contexts. To provide the best care, it is vital that healthcare workers understand and respect how different cultures and religions handle grief and death. For example, it may be important to have a Rabbi or Priest who can pray with the patient or family if desired.
The computation of the ending inventory if FIFO is used
= LIFO reserve + Ending inventory based on LIFO inventory
= $3 million + $17 million
= $20 million
We simply added the LIFO reserve and LIFO ending inventory so that FIFO ending inventory can be computed. Hence, we take all the items for the computation part.
Decomposition is a project management technique that takes the entire project scope and all project deliverables and breaks them down into smaller components which makes it easy to manage.
However, decomposition may lead to more work without much value for the time spent and inefficient use of resources which will eventually lead to decreased work efficiency.
It involves:
1. Gathering of information on project deliverables to evaluate any related risks
2. Start the breakdown process at the highest level.
3. Decompose the higher levels into lower level detailed components.
4. Verify the degree of decomposition of the work if it is necessary and sufficient.
