1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lozanna [386]
3 years ago
13

A manufacturing firm has discontinued the production of a certain unprofitable product line. Considerable excess production capa

city was created as a result. Management is considering devoting this excess capacity to one or more of three products: X1, X2, and X3. Machine hours required per unit are: PRODUCT MACHINE TYPE X1 X2 X3Milling machine 8 2 3Lathe 4 3 0Grinder 2 0 1The available time in machine hours per week isMACHINE HOURS PER WEEKMilling machines 800Lathes 480Grinders 320The salespeople estimate they can sell all the units of X1 and X2 that can be made, But the sales potential of X3 is 80 units per week maximum.Unit profits for the three products are $20 (for X1), $6 (for X2), and $8 (for X3).Required:(a) Write the mathematical formulation to maximize the profit per week (Decision variables: Production amount of X1, X2, and X3).(b) Solve the mathematical formulation using Excel Solver. Show your work.(c) What is the optimal solution?

Business
1 answer:
harina [27]3 years ago
3 0

Answer:

Please kindly check explaination for the details.

Explanation:

a.

Decision variables:

Let

X1 = no of units of product X1

X2 = no of units of product X2

X3 = no of units of product X3

Objective function is to maximize profits

Max Z = 20X1 + 6X2 + 8X3

Constraints:

8X1 + 2X2 + 3X3 <= 800

4X1 + 3X2 <= 480

2X1 + X3 <= 320

X1, X2, X3>=0

b.

please see attachment for the excel solutions.

c.

X1 = 0

X2 = 160

X3 = 160

Z = 2240

You might be interested in
I will mark you as brainliest !!
jonny [76]

Answer:

400,000

Explanation:

7% of what number = 28,000

(0.07)(X) = 28,000

X = 400,000

(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)

4 0
2 years ago
Read 2 more answers
When sales exceed production, the net operating income reported under variable costing generally will be:_____.
padilas [110]

When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

#SPJ4

6 0
1 year ago
If you are starting a new business, you can assume with some certainty that your customers will have the same level of technolog
kakasveta [241]
This would be false
8 0
3 years ago
Read 2 more answers
Which of the following types of work would a company be most likely to preform through outsourcing?
Goryan [66]

Answer:

B

Explanation:

A consistent, predictable amount of work

5 0
3 years ago
Read 2 more answers
What is the sale price for a swimming suit with a regular price of $59.95 which is on sale for 30% off?
quester [9]

Answer:

$41.97

Explanation:

5 0
3 years ago
Other questions:
  • 6. The source document should be written in the
    7·2 answers
  • Carrejo Corporation has two divisions: Division M and Division N. Data from the most recent month appear below:
    6·1 answer
  • Which type of account offers the highest rate of interest? A. regular checking B. money market C. regular savings D. certificate
    11·2 answers
  • In an unregulated, competitive market consumer surplus exists because:___________.
    13·1 answer
  • Mark runs a home improvement business. He is happy with the level of business he receives, but he wants to learn more about his
    6·1 answer
  • Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom
    14·1 answer
  • Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?​
    7·1 answer
  • Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2377 6-months forward 1.2356
    12·1 answer
  • Fill in the blank: Using a(n) _____ keeps a record of any inconsistencies from the initial requirements of a project.
    12·1 answer
  • If the economy is at potential output, and the Fed _____ the money supply, in the long run, the price level will likely _____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!