Answer:
With 16 Grade X and 54 Grade Y the company maximize their profit at 11,840 dollars
Explanation:
We set up the scenario in Excel and use SOLVER tool:
X = 50 synthetic + 25 labor + 20 foam
Y = 40 synthetic + 28 labor + 15 foam
Profit:
X = 200
Y = 160
Constraing:
synthetics <= 3,000
foam <= 1,500
Grade X and Grade Y are integer.
goal: maximize profit
16 of Grade X
and 54 of grade Y
16 x 50 = 800
16 x 30 = 540
54 x 40 = 2,160
54 x 15 = 810
Profit:
16 x 200 + 54 x 160 = 11840
Answer:
B) Rearrange the production floor.
Explanation:
First step is to calculate the manufacturing labor costs for the Current operations and new proposal
Calculation for the manufacturing labor costs for the Current operations
Current operations manufacturing labor costs =5 workers * 2,100 hours * $8.00
Current operations manufacturing labor costs = $84,000
Calculation for the manufacturing labor costs for the new proposal
New Proposal manufacturing labor costs=4.5 workers *2,000 hours * $9.00
New Proposal manufacturing labor costs = $81,000
Based on the above calculation the decisions that the management should accept is to REARRANGE THE PRODUCTION FLOOR if they want to reduce the company manufacturing labor costs reason been that the manufacturing LABOR COSTS for the current operations is $84,000 which means it is higher than the manufacturing LABOR COST for the new proposal which is $81,000
Therefore the management should REARRANGE THE PRODUCTION FLOOR because with the new proposal manufacturing labor costs will reduce.
Answer:
315,000 Transferred-out
Explanation:
25,100 beginning WIP
+310,100 transferred in
-30,100 ending WIP
315,000 Transferred-out
The tranferred-in are units that comes into this process from a previous process.
Transferrred-out are the units that leave the process to another process or to finished goods inventory.
This is actually false, Don't believe the guy who said true.
Profit sharing plan relies on a predetermined formula to distribute a share of the company's profits to eligible employees.
