The plant can make two products, P and Q. Max demand for P= 100 units/week; Max...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The plant can make two products, P and Q. Max demand for P= 100 units/week; Max demand for Q = 50 units/week. Four workers, A, B, C, and D, with non-interchangeable skills. Fixed operating expense = $6000/week. Time available for each worker = 2400 minutes/week What is the net profit this company is capable of earning per week? For Each P For Each Q Time on worker A 15 min 10 min Time on worker B 15 min 30 min Time on worker C 15 min 5 min Time on worker D 15 min 5 min Raw Material $45 $40 Selling Price $90 $100 Work out the solution How many P to make? - How many Q to make? - What will be the net profit/week? The plant can make two products, P and Q. Max demand for P= 100 units/week; Max demand for Q = 50 units/week. Four workers, A, B, C, and D, with non-interchangeable skills. Fixed operating expense = $6000/week. Time available for each worker = 2400 minutes/week What is the net profit this company is capable of earning per week? For Each P For Each Q Time on worker A 15 min 10 min Time on worker B 15 min 30 min Time on worker C 15 min 5 min Time on worker D 15 min 5 min Raw Material $45 $40 Selling Price $90 $100 Work out the solution How many P to make? - How many Q to make? - What will be the net profit/week?
Expert Answer:
Answer rating: 100% (QA)
To work out the solution for the number of products P and Q to make and the net profit per week we n... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Fixed costs per annum P60 000 Unit selling price 20 Unit variable cost 10 Relevant range 4 00012 000 units REQUIRED: Calculate the following: a. Break-Even Point in b. Units to be sold to obtain the...
-
Visit any social media site with news stories that includes a photograph/snapshot of story (mandatory) . Choose ONE news story. Use the questions below to help you determine validity of that ONE news...
-
Hollywood sound company Merry Sountracks, Inc., is a successful sound and editing firm. Last year the firm earned $4 million in taxable income (earnings before taxes). Use the corporate tax rates...
-
DHCP failed : APIPA is being used my config ! interface FastEthernet0/1 description pc switchport access vlan 10 switchport mode access no shutdown ! interface FastEthernet0/2 description pc...
-
Briefly discuss the use of cash registers, prelists, and daily cash summaries in controlling cash receipts.
-
At the start of 2014, Adria Lopez is considering adding a partner to her business. She envisions the new partner taking the lead in generating sales of both services and merchandise for Success...
-
What are the key challenges and opportunities in cross-cultural negotiation, and how can negotiators leverage cultural differences to build trust and reach mutually beneficial agreements in diverse...
-
Southeastern Foods has hired you to analyze their distribution-system design. The company has 11 distribution centers, with monthly volumes as listed below. Seven of these sites can support...
-
Discuss the business judgment rule as stated in the provision of the Companies Act 2016. Support your answer with reference to the relevant statutory provisions.
-
Describe some takeover defenses.
-
What are the four types of mergers?
-
What is value-based management and how is it used?
-
What are some types of divestitures?
-
What is the financing surplus or deficit? How is it calculated?
-
About how many layers of exposed silver will result if the 633-nm red light from a helium-neon laser is used to make a volume hologram as in Figure 14.23, and the emulsion is 15 um thick? (Assume...
-
In exchange for land, the company received a 12-month note on January 1. The face amount of the note is $1,000, and the stated rate of interest is 13%, compounded annually. The 13% rate is equal to...
-
Reconsider the experiment in Problem 3-1. Find a 95 percent confidence interval on the mean tensile strength of the portland cement produced by each of the four mixing techniques. Also find a 95...
-
The data shown in the following table were collected in an experiment to optimize crystal growth as a function of three variables x 1 , x 2 , and x 3 . Large values of y (yield in grams) are...
-
Suppose that you need to design an experiment to fit a quadratic model over the region -1 x i +1, i = 1, 2 subject to the constraint x 1 + x 2 1. If the constraint is violated, the process will...
-
Let \(Y\) be a Bernoulli random variable with success probability \(\operatorname{Pr}(Y=1)=p\), and let \(Y_{1}, \ldots, Y_{n}\) be i.i.d. draws from this distribution. Let \(\hat{p}\) be the...
-
Values of height in inches \((X)\) and weight in pounds \((Y)\) are recorded from a sample of 300 male college students. The resulting summary statistics are \(\bar{X}=70.5\) in., \(\bar{Y}=158...
-
To investigate possible sex discrimination in a firm, a sample of \(100 \mathrm{men}\) and 64 women with similar job descriptions is selected at random. A summary of the resulting monthly salaries...
Study smarter with the SolutionInn App