Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 910 hours of production

Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 910 hours of production time available in its cutting and sewing department, 200 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table.

Model Production Time (hours)
Cutting and Sewing Finishing Packaging and Shipping Profit/Glove
Regular model 1
1
2
1
8
$6
Catcher's model
3
2
1
3
1
4
$7

Assuming that the company is interested in maximizing the total profit contribution, answer the following.

(b) Develop a spreadsheet model and find the optimal solution using Excel Solver. How many of each model should Kelson manufacture?

Use Solver to complete the following spreadsheet values.

A B C D
11 Model
12 Regular Catcher's
13 Number of Gloves Produced Answer Answer
14
15 Hours
16 Time Used Time Available Unused Time
17 Cutting & Sewing Answer 910 Answer
18 Finishing Answer 200 Answer
19 Packaging & Shipping Answer 100 Answer
20
21 Profit $ Answer

(c) What is the total profit contribution (in dollars) Kelson can earn with the optimal production quantities? Answer

(d) How many hours of production time will be scheduled in each department? Answer

(e) What is the slack time (in hours) in each department? Answer

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

Survey of Accounting

Authors: Edmonds, old, Mcnair, Tsay

2nd edition

9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555

More Books

Students also viewed these Accounting questions