Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models. The manufacturing process consists of

Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. The finishing department has 5 workers, each of whom works a 6-hour shift per day. Each pair of Graystone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. The Lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. The company operates 6 days a week. It makes a per unit profit of $40 on the Graystone model and $60 on the Lava model. The company anticipates selling at least twice as many Lava models as Graystone models.

Which of the following solving methods is selected in the Solver dialog for linear and linear integer optimization problems?

image text in transcribed

Cerebro Manufacturing produces four types of structural support fittings-plugs, rails, rivets, and clips-which are machined on two CNC machining centers. The machining centers have a capacity of 250,000 minutes per year. The gross margin per unit and machining requirements are shown in the spreadsheet below.

What is the gross margin per minute of rivets manufactured?

image text in transcribed

Incorrect Question 13 0/6.7 pts Consider the spreadsheet for Stone Age Surfboards provided below. Use this data to answer the following question(s), using the Standard Solver. Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. The finishing department has 5 workers, each of whom works a 6-hour shift per day. Each pair of Graystone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. The Lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. The company operates 6 days a week. It makes a per unit profit of $40 on the Graystone model and $60 on the Lava model. The company anticipates selling at least twice as many Lava models as Graystone models. 1 Stone Age Survards 3 Data Product Graystone Lava Limitation (hours) 5 6 7 Department Fabrication Finishing 9 Profit: Unit $40.00 0.00 lo 12 Model Graystone Hours Used 14 15 16 Quantity Produced Fabrication Finishing Excess Lava 19 Market Mixture 21 Total Profit 22 Profit Contribution Which of the following solving methods is selected in the Solver dialog for linear and linear integer optimization problems? SOCP Barrier Engine Simplex LP GRG Nonlinear Evolutionary Incorrect Question 15 0/6.7 pts Use the following information to answer the question(s) below. Cerebro Manufacturing produces four types of structural support fittings-plugs, rails, rivets, and clips which are machined on two CNC machining centers. The machining centers have a capacity of 250,000 minutes per year. The gross margin per unit and machining requirements are shown in the spreadsheet below. BCDEF Cerebro Manufacturing Model Product Machine Plugs Rails RivetsClips Capacity mins./year) Gross margin/unit 1 h 20 5.80 2 3 1.10 1.5 15 Minutes/unit 250.000 Gross margin/minute Maximum production Profit What is the gross margin per minute of rivets manufactured? $0.73 $0.40 $0.27 $0.60 Incorrect Question 13 0/6.7 pts Consider the spreadsheet for Stone Age Surfboards provided below. Use this data to answer the following question(s), using the Standard Solver. Stone Age Surfboards is a small manufacturer of two types of popular low-tide surfboards, the Graystone and the Lava models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. The finishing department has 5 workers, each of whom works a 6-hour shift per day. Each pair of Graystone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. The Lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. The company operates 6 days a week. It makes a per unit profit of $40 on the Graystone model and $60 on the Lava model. The company anticipates selling at least twice as many Lava models as Graystone models. 1 Stone Age Survards 3 Data Product Graystone Lava Limitation (hours) 5 6 7 Department Fabrication Finishing 9 Profit: Unit $40.00 0.00 lo 12 Model Graystone Hours Used 14 15 16 Quantity Produced Fabrication Finishing Excess Lava 19 Market Mixture 21 Total Profit 22 Profit Contribution Which of the following solving methods is selected in the Solver dialog for linear and linear integer optimization problems? SOCP Barrier Engine Simplex LP GRG Nonlinear Evolutionary Incorrect Question 15 0/6.7 pts Use the following information to answer the question(s) below. Cerebro Manufacturing produces four types of structural support fittings-plugs, rails, rivets, and clips which are machined on two CNC machining centers. The machining centers have a capacity of 250,000 minutes per year. The gross margin per unit and machining requirements are shown in the spreadsheet below. BCDEF Cerebro Manufacturing Model Product Machine Plugs Rails RivetsClips Capacity mins./year) Gross margin/unit 1 h 20 5.80 2 3 1.10 1.5 15 Minutes/unit 250.000 Gross margin/minute Maximum production Profit What is the gross margin per minute of rivets manufactured? $0.73 $0.40 $0.27 $0.60

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

Financial Accounting An IFRS Perspective In Romania

Authors: Adriana Dutescu

1st Edition

3030294870, 978-3030294878

More Books

Students also viewed these Accounting questions