Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr Kadhila has formulated a linear programming model for two products, X and Y. The objective function is depicted by the formula C = 5x

image text in transcribed

Mr Kadhila has formulated a linear programming model for two products, X and Y. The objective function is depicted by the formula C = 5x + 6Y, where C = contribution, X = the number of product X to be produced and Y = the number of product Y to be produced Each unit of X uses 2 kg of material A and each unit of Y uses 3 kg of material A. The standard cost of material A is N$2 per kg. The shadow price for material A has been worked out and found to be N$2.80 per kg. Required: If an extra 65 kg of material A becomes available at N$2 per kg, what will the maximum increase in contribution be? NB: You are not required to enter the unit or currency symbol. Enter a numerical answer with no space. For example: 1000

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

Petroleum Accounting Principles Procedures And Issues

Authors: Dennis Jennings, Joe Feiten, Horace Brock

5th Edition

0940966255, 978-0940966253

More Books

Students also viewed these Accounting questions

Question

What is the difference between Accounts Receivable and Revenue?

Answered: 1 week ago

Question

3. How does nonverbal communication express cultural values?

Answered: 1 week ago

Question

2. What types of nonverbal behavior have scholars identifi ed?

Answered: 1 week ago