Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Keego Enterprises manufactures two products, boat wax and car wax, in two departments, Mixing and Packaging. The Mixing Department has 600 hours per month available

image text in transcribed

image text in transcribed
Keego Enterprises manufactures two products, boat wax and car wax, in two departments, Mixing and Packaging. The Mixing Department has 600 hours per month available while the Packaging Department has 1,200 hours per month available. Production of the two products cannot exceed 42,000 pounds. Data on the two products follow: Contribution Hours per 186 Pounds Hours per 169 Pounds Margin (per 169 of Output: Mixing of Output: Packaging Product pounds) (H) (P) Boat wax {B} $218 5.8 2.9 Car wax (C) $220 3.1 4.9 l The Mixing Department (M) constraint for the Keego linear program would be (where E and C are expressed in 100-pound units of output): Triad Children's Center (TCC), a nonprot organization, uses relevant cost analysis to determine whether new services are desirable. TCC is looking at adding a new educational program for grade school children who are having difculty with their reading and math skills. The following relevant costs are expected tithe program is accepted: Costs (per year) Program Director salary $31,866 Partitime Assistants $33,868 Variable cost per child $ 1,668 l TCC estimates that a maximum of 40 children will participate in this program in the rst year. If TCC decides to implement this program, funding will be received from the City Chamber of Commerce ($47,000) and a local Private University Endowment Fund ($41,000). Calculate the expected surplus or decit from operations given the above information

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_2

Step: 3

blur-text-image_3

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

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

9th edition

1-119-49356-3, 1119493633, 1119493560, 978-1119493631

More Books

Students also viewed these Accounting questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago