Question

A small business makes 3-speed and 10-speed bicycles at two different factories. Factory A produces 16 3-speed and 20 10-speed bikes in one day while factory B produces 12 3-speed and 20 10- speed bikes daily. It costs $1000/day to operate factory A and $800/day to operate factory B. An order for 80 3-speed bikes and 140 10-speed bikes has just arrived How many days should each factory be operated in order to fill this order at a minimum cost? (Give your answers correct to two decimal places.) Factory A should be operated Factory B should be operated days. days. What is the minimum cost? (Give your answer correct to the nearest dollar.)

Answer 1

Answer:

Factory A should be operated 6.11 days

Factory B should be operated 6.88 days

The minimum cost for factory A is $6,110

The minimum cost for factory B is $5,504

Step-by-step explanation:

Factory A

Daily production: 16 3-speed and 20 10-speed bikes

Total daily production = 16+20 = 36 speed bikes

Order: 80 3-speed and 140 10-speed bikes

Total order = 80+140 = 220 speed bikes

Number of days = 220/36 = 6.11 days

Cost per day = $1,000

Minimum cost for 6.11 days = $1000 × 6.11 = $6,110

Factory B

Daily production: 12 3-speed and 20 10-speed bikes

Total daily production = 12+20 = 32 speed bikes

Total order = 220 speed bikes

Number of days = 220/36 = 6.88 days

Cost per day = $800

Cost for 6.88 days = $800 × 6.88 = $5,504