Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Section 3 - Short Answer with Calculation Questions Billy's company sells 3 types of T - shirts: Astro, Bling, and Curious. Manufacturing Astros requires 2

Section 3- Short Answer with Calculation Questions
Billy's company sells 3 types of T-shirts: Astro, Bling, and Curious. Manufacturing Astros requires 2 minutes of machine time and 20 minutes of labor, and costs $10. Brand Bling requires 2.5 minutes of machine time and 30 minutes of labor, and costs $14 to produce. Brand Curious requires 3 minutes of machine time and 45 minutes of labor, and costs $18 to produce. There are 300 machining minutes available per day, 3750 labor minutes, and he has a budget of $3000. Brand Astro sells for $15, Brand Bling for $18, and Brand Curious for $25. To maximize daily profit, Billy builds the following Excel spreadsheet model to help determine the optimal production plan. In addition, the sensitivity report is also generated to facilitate the analysis.
Excel spreadsheet model:
\table[[,A,B,C,D,E,F,G],[1,Test 1- Section 3,,,,,,],[2,,,,,,,],[3,Inputs,,,,,,],[4,,Astro,Bling,Curious,Total used,,Availability],[5,Machine time (minutes),2,2.5,3,$00,,300],[6,Labor (minutes),20,30,45,3750,,3750]]
image text in transcribed

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

Supply Chain Focused Manufacturing Planning and Control

Authors: W. C. Benton

1st edition

2901133586714 , 1133586716, 978-1133586715

More Books

Students also viewed these General Management questions