A company that manufactures boats has the following labor-hour and wage requirements.Labor-Hour Requirements (per boat)Department- [SCutting1.0 hour1.4 hours2.5 hoursWage Requirements (per hour)PlantAssembly0.5 hour1.0 hour2.0 hoursAB$17$13 CuttingT = $12 $11 Assembly > DepartmentL$11 $8 Packaging,(c) Compute ST.Packaging0.2 hour0.2 hour0.4 hour(a) What is the labor cost for a large boat at Plant B?$(b) What is the labor cost for a medium boat at Plant A?$000000↓ ↑↓↑SmallMedium Boat sizeLarge

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Answered: A company that manufactures boats has…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available. Chair Sofa Table Daily labor available (labor- hours) 3 8 =III 1 2 6 0 The profit per chair is $50, per sofa $40, and per table $80. How many pieces of each type of furniture should be manufactured each day to maximize the profit? Carpentry Finishing Upholstery 6 1 2 720 144 228
4
A company periodically produces a part that is a basic component of an assembled product. Each time the part is run, a fixed cost of $127 is incurred. The cost to hold one unit for a week is estimated to be $1.57. Week Demand (units ) 1 36 2 20 3 110 4 18 5 - 6 22 790 For the demand (net requirements) shown above, determine the quantity and Produce units in timing of production runs using the part - period method. Produce units in week. week____. Produce units in week.
i. What is the total cost?
In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following table. x 2000 4000 6000 8000 10000 12000 y 163,200 230,480 301,500 376,160 454,400 536,400 Here x is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer.)A. Determine the best fitting line using least squares. Also determine the square of the correlation coefficient.The best fitting line is C(x) = .The square of the correlation coefficient is r2 = .B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even?The revenue equation is R(x) = The profit equation is P(x) = The production will break even when bales are produced.C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.)When…
Given the Information in the below table's, calculate the total cost if you choose the: i) Level Strategy with average production per day. ii) Chase strategy for the production. Month Expected Demand Production Days Jan 600 22 Feb 800 18 March 900 21 April 1000 21 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $20 per unit Average Pay rate $10 per hour ($80 per day) Over time Pay rate $17 per hour (above 8 hours) Labour-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit Cost of decreasing daily production rate $600 per unit
The following figure shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines? Total cost ($) 14000 12000- 10000- 8000 6000- 4000 2000 5 6 9 10 Months

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