Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer these, thanks. J L For submission solution will be released on submission. Smell'esh Canned Fisheries processes two different types of sh, Trout and

Please answer these, thanks.

image text in transcribedimage text in transcribedimage text in transcribed
J L For submission solution will be released on submission. Smell'esh Canned Fisheries processes two different types of sh, Trout and Catsh, in two workstations (A) Cleaning, deboning and leting and (B) Canning. The daily capacity and Total cost of each workstation (xed in the short-term) is given below. A: Capacity 40 man-hours. Total costs $1,600 B: Capacity 2000 cans. Total costs $1,000 0 The productivity in workstation A is 13.5 lbs. of sh per man-hour for Trout and 10 lbs. per man-hour for Catsh. 0 Each can holds 0.25 lbs. of sh regardless of type. l o Suppliers charge Smellfresh $1.68 per lb. for Trout and $0.32 per lb. for Catsh. Supplies are relatively innite for either type of sh. 0 Srnellfresh sells Trout at $2.00 per can and Catsh at $1.95 per can. Market demand is relatively innite. There are no other costs. Required. Part 1. Compute the activity-based cost and resulting prot per can of each type of canned sh. Part 2. What type of sh should Smellfresh concentrate on long-term? What assumptions are you making in saying this? J Part 3. What is the aerall-costs prot-maximizing plan in the short-term? Write down the optimization problem here. Use C and T for number of cans of Catsh and Trout respectively. Ignore the integer (whole number) constraint. Then sketch the feasible region and identify the optimal plan. # of cans of Catsh C # of cans of Trout T The optimal plan is (explain): The prot from the optimal plan is: Contd. j J L Part 4. A. Smellfresh's production manager has a plan that can immediately increase Canning Capacity at some cost. Should it be evaluated for adoption in the short-term? B. Srnellfresh's production manager has another plan that can immediately increase Cleaning capacity at some cost. Should it be evaluated for adoption in the short-term

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

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

6th Edition

1259105482, 9780071338820

More Books

Students also viewed these Accounting questions

Question

Briefly explain the patent application process.

Answered: 1 week ago