A machine shop manufactures two types of bolts. The bolts require time on each of three groups

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A machine shop manufactures two types of bolts. The bolts require time on each of three groups of machines, but the time required on each group differs, as shown in the table:
Machine Group II III Type 1.1 min.1 min .1 min Bolts Type 2.1 min.4 min .02 min

Production schedules are made up one day at a time. In a day there are 240, 720, and 160 minutes available, respectively, on these machines. Type 1 bolts sell for 10Ï• and type 2 bolts for 12Ï•. How many of each type of bolt should be manufactured per day to maximize revenue? What is the maximum revenue?

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Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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