Question
Smithton Metal Products has recently accepted a contract to deliver three types of flywheels (Economy, Durabilt, and Superfly) to a new customer. Quantities required are
Smithton Metal Products has recently accepted a contract to deliver three types of flywheels (Economy, Durabilt, and Superfly) to a new customer. Quantities required are as follows:
Economy 1000 units
Durabilt 3100 units
Superfly 1600 units
The flywheels are manufactured through a three step process as follows:
| Production Time Required (hours) | Available Capacity | ||
| Economy | Durabilt | Superfly |
|
Cuttting | 1.5 | 1.5 | 2.5 | 8000 hours |
Grinding | 2 | 3 | 3.5 | 10,000 hours |
Finishing | 1 | 2 | 4 | 6,000 hours |
The order must be delivered by December 31, or Smithton is subject to a significant late penalty. Given the production time requirements, management is concerned that the deadline cant be met using in-house resources only. Fortunately, Smithton has a long-time relationship with another manufacturer, East Cleveland Fabricating, who may be able to produce some of the flywheels. Respective manufacturing costs are shown below:
| Economy | Durabilt | Superfly |
Smithton | $52.00 | $83.00 | $128.00 |
East Cleveland | $61.00 | $96.00 | $145.00 |
I need help solving these problems in excel. Thanks.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started