Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all parts of the question. Thank you Schweinsteiger Limited produces two models of handmade table football sets (SETI and SET2). For the next

image text in transcribed

please answer all parts of the question. Thank you

Schweinsteiger Limited produces two models of handmade table football sets (SETI and SET2). For the next period, a contribution of 120 per SETI, and 200 per SET2 is expected. Maximum sales are expected to be 200 units of SETI and 85 units of SET2. During production, SETI and SET2 need to pass through the carpentry, painting and assembling department. The following information is available as regards the required input for the production: SETI SET2 Capacity 1 Carpentry Painting Assembling 6 hrs./unit 3 hrs./unit hrs./unit 3 hrs./unit 4 hrs./unit 4 hrs./unit 840 hrs. 480 hrs. 360 hrs. Schweinsteiger Limited would like to maximise the overall contribution Requirement: a) Identify any limiting factors for the production of SETI and SET2 and specify which factors are not limited 6 Marks b) Schweinsteiger Limited uses linear programming for maximising the overall contribution for the production of SETI and SET2. Identify the optimal production pattern and the corresponding level of contribution, using the graphical solution of linear programming. 9 Marks c) Discuss the possible effect of 60 additional hours overtime in the painting department on production levels and overall contribution. Amend your chart diagram accordingly. Assume that the extra time comes with an additional cost of 20 per hour. 4 Marks d) Critically describe in which ways linear programming can contribute to managing scarce resources in a company. 6 Marks Total 25 Marks

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

More Books

Students also viewed these Accounting questions

Question

your ultimate goal upon graduation (i.e., career goals).

Answered: 1 week ago