Intermediate: Limiting factor analysis Triproduct Limited makes and sells three types of electronic security systems for which
Question:
Intermediate: Limiting factor analysis Triproduct Limited makes and sells three types of electronic security systems for which the following information is available.
Standard cost and selling prices per unit
Fixed costs for the period are £450000 and the installation labour, which is highly skilled, is avail¬ able for 25 000 hours only in a period and is paid £8 per hour. Both manufacturing and installation labour are variable costs. The maximum demand for the products is:
Requirements:
(a) Calculate the shortfall (if any) in hours of installation labour. (2 marks)
(b) Determine the best production plan, assuming that Triproduct Limited wishes to maximise profit. (5 marks)
(c) Calculate the maximum profit that could be achieved from the plan in part
(b) above. (3 marks)
(d) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering £12 per hour, addi¬ tional installation labour would become avail¬ able and thus overcome the labour shortage. Requirement: Based on the results obtained above, advise the firm whether or not to implement this proposal.
Transcribed Image Text:
Product Day Night Omni scan scan scan () () () Materials 70 110 155 Manufacturing labour 40 55 70 Installation labour 24 32 44 Variable overheads 16 20 28 Selling price 250 320 460
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