Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

***PLEASE SOLVE IN EXCEL AND DO NOT JUST COPY THE ANSWER FROM OTHERS, THEY ARE ALL WRONG*** A software-support division of Blain Information Services has

***PLEASE SOLVE IN EXCEL AND DO NOT JUST COPY THE ANSWER FROM OTHERS, THEY ARE ALL WRONG***

A software-support division of Blain Information Services has eight projects that can be performed. Each project requires different amounts of development time and testing time. In the coming planning period, 1,150 hours of development time and 900 hours of testing time are available, based on the skill mix of the staff. The internal transfer price (revenue to the support division) and the times required for each project are shown in the table. Which projects should be selected to maximize revenue?

image text in transcribed

\begin{tabular}{|l|c|c|c|} \hline Project & Development Time & Testing Time & Transfer Price \\ \hline 1 & 80 & 67 & $23,520 \\ \hline 2 & 248 & 208 & $72,912 \\ \hline 3 & 41 & 180 & $62,054 \\ \hline 4 & 10 & 92 & $32,340 \\ \hline 5 & 240 & 202 & $70,560 \\ \hline 6 & 195 & 164 & $57,232 \\ \hline 7 & 269 & 226 & $19,184 \\ \hline 8 & 110 & 92 & $32,340 \\ \hline \end{tabular}

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

The Global Financial Crisis What Have We Learnt

Authors: Steven Kates

1st Edition

0857934228, 978-0857934222

More Books

Students also viewed these Finance questions

Question

=+e. Storytelling present product in a story.

Answered: 1 week ago