A company produces three different types of wrenches: Will, W222, and W333. It has a firm order

Question:

A company produces three different types of wrenches: Will, W222, and W333. It has a firm order for 2,0 will wrenches, 3,750 W222 wrenches, and 1,700W333 wrenches. Between now and the order delivery date, the company has only 16,500 fabrication hours and 1,600 inspection hours. The time that each wrench requires in each department is shown in the table at the bottom of this page. Also shown are the costs to manufacture the wrenches in-house and the costs to outsource them. For labeling considerations, the company wants to manufacture in-house at least 60% of each type of wrench that will be shipped. How many wrenches of each type should be made in-house and how many should be outsourced? What will be the total cost to satisfy the order?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Decision Modeling With Spreadsheets

ISBN: 718

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

Question Posted: