Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A machine shop specializes in two types of product-bearings and armatures. The production of the bearings and armatures requires three operations - forging, machining, and

A machine shop specializes in two types of product-bearings and armatures. The production of the bearings and armatures requires three operations - forging, machining, and finishing. Manufacturing a bearing requires 3.6 hours of forging. 10.8 hours of machining, and 2.4 hours of finishing. Manufacturing a armature requires 2.4 hours of forging, 4.8 hours of machining, and 12 hours of finishing. The factory has allocated at most 79.2 labor hours for forging, 216 labor hours for machining, and 240 labor hours for finishing. The profit per bearing is $108 and the profit per armature is $90. 1. How many bearings and how many armatures should be produced each day to maximize the profit? 2. Should we reduce hours on any employees in any departments? Please fully support your answer below

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cpa Financial Accounting Examination Preparation Guide

Authors: Azhar Ul Haque Sario

1st Edition

979-8223666547

More Books

Students also viewed these Accounting questions

Question

Define marketing.

Answered: 1 week ago

Question

What are the traditional marketing concepts? Explain.

Answered: 1 week ago

Question

Define Conventional Marketing.

Answered: 1 week ago

Question

Define Synchro Marketing.

Answered: 1 week ago