A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant manufacturing data are given in the table.Labor-Hours per SkiMaximum Labor-HoursAvailable per Day38436DepartmentFabricatingFinishingTrick Ski121Slalom Ski81If the profit on a trick ski is $50 and the profit on a slalom ski is $30, how many of each type of ski should be manufactured each day to realize maximum profit? Whatis the maximum profit?The maximum profit is $. The maximum occurs whentrick skis and slalom skis are produced.

Optimal profit involves finding the most efficient and effective strategies to maximize revenue and…

Answered: A manufacturing company makes two types…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A Shoe retailer wants to add a new brand in his shoe outlet. When this new product will added an additional weekly payment of $5500 will be required. Variable cost is $5/product and selling price is $11/product. Find the operating profit generated if 2100 units are sold in a week? A)$12,600 B)$4,800 C) $6,800 D) $7,100
The MacJunkin Company manufactures transmission parts. The current process uses 20 workers and produces 400 units per hour. You are considering changing the process with new manufacturing methods that increase output to 470 units per hour but will require 22 workers. Workers are paid at a rate of $15 per hour, and overhead is charged at 140% (or 1.4 times) labor costs. Finished switches sell for $80/unit. The details are as follows: Current Process New Process Output (Units/Hour) 400 470 Number of Workers 20 22 Material (Cost/Hour) $120 $150 These are the correct answers can you show me how to get these answers? A. What is the multifactor productivity ratio for the current process? 38.10 B. What is the multifactor productivity ratio for the new process? 39.92 Your answer is correct.
Help fill in the tables with an explanation of how the fields were achieved. I need to explain the answers. Some fields are already given in the tables. You have an upstream Picking department that feeds two downstream Packing departments: Pack Singles and Pack Multis. Those Packing departments feed to a Shipping department that loads the outgoing trucks. 30% of your Pick volume goes to Pack Singles and has a packing rate of 171 units per labor hour (uph). 70% of the Pick volume goes to Pack Multis and has a pack rate of 266 units per labor hour. Your pickers pick both Single and Multi items throughout the day at an overall average rate of 114 units per labor hour. All units that are packed in both processes go through the Ship process at a rate of 570 units per hour. You have 102 people today for all 4 departments and you absolutely must pack 47,880 units in Pack Multis Items to meet a customer promise metric. How do you allocate labor to balance the flow in your department if you…
LeGaroutte Industries makes industrial pipe manufacturing equipment. Use direct-labor hours as the burden vehicle, and compute the total cost per unit for each model given in the table. Total manufacturing indirect costs are $15,892,000, and there are 100,000 units manufactured per year for Model S, 50,000 for Model M, and 82,250 for Model G.
At Fraser engineering. Erix is trying to decide whether to purchase a certain part to to have it produced internally. Internal production could use either of two processes. One would entail a variable cost per unit of $17, and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has a price of $20 per-unit for any volume up to 30,000 units Vendor B has a price of $22 per-unit for demand of 1,000 units or less, and $18 per-unit for larger quantities. Vendor C offers a price of $21 per-unit for the first 1,000 units, and $19 for each additional unit. What is the correct formula to use to compare these options? Which options would be best for: I. 10,000 units? ii. 20,000 units? iii. 100,000 units? What is the value in considering these options across three very different demand values ranging from 10,000 to 100,000 units?
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) The percent change in productivity for one month last year versus one month this year or decimal places). Last Year 1,200 300 50 9,000 3,000 Now 1,200 275 45 10,000 2,850 Cost Per Input Unit $10 per hour $5 per pound 1% per month $0.50 per BTU multifactor basis with dollars as the common denominator = % (enter your response as a percentage rounded to two

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