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hammer [34]
2 years ago
8

Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100

cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the maximum profit?
Business
1 answer:
KATRIN_1 [288]2 years ago
8 0

Answer:

$45,000

Explanation:

Cully's storage constraint is: 100B + 90M ≤ 18000

If Cully were to buy only big shelves, it could buy 180 of them (= 18,000 / 100)

If they were to buy only medium shelves, it could buy 200 (= 18,000 / 90)

Cully's money restraint is: 500B + 300M ≤ 75,000

If Cully were to buy only big shelves, it could buy 150 of them (= 75,000 / 500)

If they were to buy only medium shelves, it could buy 250 (= 75,000 / 300)

So Cully's order must be within 150 big shelves and 200 medium shelves.

If Cully purchases and sells 150 big shelves, it will earn $45,000 in profit.

If Cully purchases and sells 200 medium shelves, it will earn $30,000 in profit.

Since the profit for big shelves is $500, Cully should try to sell as many of them as possible. The maximum amount that they can buy is 150, which will result in a $45,000 profit.

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Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the firs
nasty-shy [4]

Answer:

If costs and percentage completion of these units in beginning inventory were:

Cost Percent Complete

Materials costs $7,900 60%

Conversion costs $6,900 30%

A total of 8,100 units were started and 7,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs $137,900

Conversion costs $323,900

The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to $17.03

Explanation:

Weighted-average method is used to make an inventory valuation, taking average values ​​for both the merchandise in stock and for the costs of merchandise sold.

But in this case, since you have unfinished units, you must take the equivalent to calculate the unit cost.

Materials:

Units completed: 7,600

Units in process: 1,200 * 80% = 960

Equivalent production units: 7,600 +, 960 = 8560

Cost at start: 7,900

Added costs in the period: 137,900

Total cost: 7900 + 137,900 = 145,800

So: 145,800 / 8,560 = 17.03 is the equivalent unit cost per product

4 0
3 years ago
Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon
S_A_V [24]

Answer:

  a) maximize 12x+16y subject to x+y≤60; x+2y≤80; 2x-3y≥0; x-9y≤0.

  b) 40 fish and 20 beef dinners

  c) $800

Explanation:

Let x and y represent the numbers of fish and beef dinners to prepare, respectively. Then the relations these values must satisfy are ...

  x + y ≤ 60 . . . . . a maximum of 60 dinners will be sold

  0.25x + 0.50y ≤ 20 . . . . . kitchen hours cannot exceed 20

  x/y ≥ 3/2 . . . . . . at least 3 fish dinners for each 2 beef dinners will be sold

  y ≥ 0.10(x +y) . . . . at least 10% of dinners sold will be beef

While satisfying these relations, we want to maximize the profit function:

  p = 12x +16y

a) The linear programming problem can be formulated as ...

  Maximize 12x +16y, subject to ...

  • x + y ≤ 60
  • x + 2y ≤ 80
  • 2x - 3y ≥ 0
  • x - 9y ≤ 0

__

b) The graph shows the constraint inequalities with the comparison symbol reversed. The effect of that is to shade the area that is NOT part of the solution set, leaving the feasible region white. The vertex of the (white) feasible region that makes the profit line farthest from the origin is the solution we're looking for. Once the profit line is plotted so we can compare its slope to the lines bounding the feasible region, it becomes clear which vertex is the one that maximizes profit.

The solution is (x, y) = (40, 20).

  • 40 fish dinners
  • 20 beef dinners

__

c) The maximum earnings are estimated to be ...

  ($12)(40) +($16)(20) = $800

5 0
3 years ago
At the present time, demand for each of the company's products far exceeds its capacity to produce them. Thus, management is try
Brums [2.3K]

Answer:

Explanation:

                                                       Android Bio-Mutant Cyclops

Direct labor per unit                                       48         24             60

Divide by Direct labor rate                       12         12             12

Direct labor hours per unit                        4           2               5

                                                               Android  Bio-Mutant  Cyclops

Selling price                                            100         77              125

Less: Variable costs    

Direct labor                                              48          24                60

Direct materials                                       9           8                16

Variable overhead                                        7           4                  9

Total Variable costs                                       64           36                 85

Unit Contribution margin                               36           41                 40

Divide by Direct labor hours per unit         4            2                  5

Contribution margin per labor hour               9.00          20.50        8.00

<em>As shown in the above estimates, producing Bio-mutant is much more lucrative</em>

<em>Total contribution margin 20500 =1000 * 20.5</em>

4 0
3 years ago
Rick Corporation’s Accounts Receivable decreased by $25,000 during the year. What is the adjustment to the cash flow statement w
viva [34]

The correct answer is "Add the decrease to the net income in operating activities."

7 0
3 years ago
A manufacturing company is considering a capacity expansion investment at the cost of $258,388 with no salvage value. The expans
Jobisdone [24]

Answer:

33,610.42  units

Explanation:

For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:

Given that

Present value = $258,388

Interest rate = 10%

NPER = 7 years

Future value = $0

The formula is shown below:

= PMT(RATER;NPER;-PV;FV;type)

The present values comes in a negative

After solving this, the annual worth is $53,074.32

And, the annual operating maintenance cost is $28,599

So, the revenue should be

= $53,074.32 + $28,599

= $81,673.32

Now the minimum annual production rate is

= $81,673.32 ÷ $2.43

= 33,610.42  units

4 0
2 years ago
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