Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLB Pty Ltd produces two products in three departments. Details are shown below regarding the time per unit required in each department, the available hours

image text in transcribed

PLB Pty Ltd produces two products in three departments. Details are shown below regarding the time per unit required in each department, the available hours in each department and the contribution per unit of each product: NB: The optimal point in the feasible region is at point C where the constraints for Department A and B intersect. Required: 1.1 Use a linear programming graph and simultaneous equations to determine the optimal production plan for the three departments, Department A; B and C. Show all calculations. Do no draw a graph. 1.2 Determine the slack for Department A; B and C. Indicate in your answer if there is slack or no slack. (6) 1.3 Calculate the shadow price if one extra hour is made available for each of the following departments: a. Department A (3) b. Department B (3) c. Department C (1) NB: Round off cost per unit; hours; units and total costs to 2 decimal places

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

CIA Part 1 Essentials Of Internal Auditing Certified Internal Auditor 2019

Authors: Muhammad Zain

1st Edition

1091949182, 978-1091949188

More Books

Students also viewed these Accounting questions

Question

What is quality of work life ?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago