Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please solve in Excel format and show step-by-step formulas. Sally's Solar Car Co. has a plant that can manufacture family sedans, station wagons, and sports

Please solve in Excel format and show step-by-step formulas.

image text in transcribed

Sally's Solar Car Co. has a plant that can manufacture family sedans, station wagons, and sports coupes. The contribution, variable production time, and fixed cost for these cars are given below. VARIABLE PROFIT MODEL CONTRIBUTION ($) PRODUCTION FIXED COST ($) TIME (Hours) Sedan 6,000 2,000,000 Station Wagon 8,000 15 3,000,000 Coupe 11,000 7,000,000 12 Sally currently has orders for 100 sedans, 200 station wagons, and 300 coupes. She must satisfy these orders. She wants to plan production so she will break even as quickly as possiblethat is, she wants to make sure that the total contribution margin will equal total fixed costs and that total variable pro- duction time is minimized. Formulate this problem as an LP and solve it. Sally's Solar Car Co. has a plant that can manufacture family sedans, station wagons, and sports coupes. The contribution, variable production time, and fixed cost for these cars are given below. VARIABLE PROFIT MODEL CONTRIBUTION ($) PRODUCTION FIXED COST ($) TIME (Hours) Sedan 6,000 2,000,000 Station Wagon 8,000 15 3,000,000 Coupe 11,000 7,000,000 12 Sally currently has orders for 100 sedans, 200 station wagons, and 300 coupes. She must satisfy these orders. She wants to plan production so she will break even as quickly as possiblethat is, she wants to make sure that the total contribution margin will equal total fixed costs and that total variable pro- duction time is minimized. Formulate this problem as an LP and solve it

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

Kickstart Your Corporation The Incorporated Professionals Financial Planning Coach

Authors: Andrew Feindel

1st Edition

111970913X, 978-1119709138

More Books

Students also viewed these Finance questions