A firm produces three types of computers (small, medium, and large). Demand for the computers is such that 100 small, 200 medium
, and 300 large computers must be scheduled for produetion to satisfy orders. This can be represented by a row matrix called PRODUCTION PRODUCTION100 200 300 small medium large Certain units of direct materials and direct labor go into the production of each of these computers. This can be expressed as follows: mall computers UNITS: 3_medium computers arge computers direct materials direct labor The unit cost of direct materials and direct labor is given by the following matrix $2000 ← direct materials (per unit) $3000 direct labor (per unit) Problem #1 Use the data to set up a Production Requirement Matrix that represents the total number of units of direct materials and direct labor needed to meet production requirements. For the sake of uniformity call this matrix TOTAL UNITS Problem #2 set up a TOTAL COST MATRIX that reflects the firm's total cost of direct materials and direct labor. For the sake of uniformity call this matrix TOTAL COST
1 answer:
You might be interested in
Answer:
Depositing in bank is a better option.
Explanation:
For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,
Future worth method is used here,
Given that,
PV = $6,900
R = 9%
N = 10 Years
FV = 6,900 × 2.3673
FV = $16,334.81
Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.