.What is the objective function? 2. Express the first constraint (wood) in mathematical sentence 3. Express the second constraint (upholstery) in mathemathical sentence. 4. Express the third constraint (Labor) in mathemathical sentence
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Let x = pieces of sofa, Y=pieces of table, Z=pieces of chair
1.What is the objective function?
2. Express the first constraint (wood) in mathematical sentence
3. Express the second constraint (upholstery) in mathemathical sentence.
4. Express the third constraint (Labor) in mathemathical sentence
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- Required information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the IDC redistribution for each of the three departments. The IDC redistribution is as follows: Production = $ 54.54 Subassemblies = $ IDC Allocation, $ 30,000 20,000 10,000 8,500 26,000 Final assembly = $ 36.36 Actual DL Hours 550 1050 650 18.18Ivory Corporation manufactures two products (A and B). The overhead costs have been divided into four cost poolsthat use the following activity drivers: Product Number of Orders Number of Set-ups Number of Labor Labor Hours Transactions 20 35 1,000 1,500 Rs.120,000 A 75 B 5 70 125 Cost per pool Rs.15,000 Rs.8,400 Rs.40,000 Required: a) Compute the allocation rates for each of the activity drivers listed. b) Allocate the overhead cost to Product A and B using activity-based-costing. c) Compute the overhead rate using machine hours under the functional based costing system. d) Allocate the overhead cost to Product A and B using the functional-based costing system overhead rate calculated in part ©.Problem 4 A bakery needs to evaluate two oven solutions for its renovations. It is currently considering two possible ovens, a small one for $1,250 and a large one for $2,500. Its operating requirements are as follows Item Small Oven Large Oven 50 Batch size (units) Processing time (min/unit) Cleaning time (min) Heating time (min) 125 0.5 20 30 10 15 According to operating instructions, both the small and large ovens must be cleaned after each batch and properly heated before each batch can be processed. The bakery estimates the demand for the next few years to remain steady at 300,000 units per year. Currently, the company operates 8 hours a day (with no overtime allowed) and 300 days a year. a. Calculate the daily production capacity of each oven (small and large). b. How many of the small ovens are needed to meet the production demand? What is the total cost? c. How many of the large ovens are needed to meet the production demand? What is the total cost? d. Calculate the rate of…
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