A manufacturing company wishes to determine how many of two products they should produce in order to maximize total profit. The labor and material requirements and the contribution to profit for each of the three products are as follows: Resources Labor (hr/unit) Materials (lb/unit) Profit (S/unit) Resource Requirements Product 1 Product 2 543 265 Availability 240 hrs 400 lbs.
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- Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?A manufacturing company has the following financial information (in millions of $)Sales $562Cost of goods soldDirect labor 43Purchased materials 267Overhead 35All other costs 142Pretax earnings 75a. What is the profit leverage effect of purchasing in this company?b. What is the percent increase in earnings from a 5 percent savings in purchasing?3-2) The optimal quantity of the three products and resulting revenue for Taco Loco is: A) 28 beef, 80 cheese, and 39.27 beans for $147.27. B) 10.22 beef, 5.33 cheese, and 28.73 beans for $147.27. C) 1.45 Z, 8.36 Y, and 0 Z for $129.09. D) 14 Z, 13 Y, and 17 X for $9.81. 3-3) Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix? A) 26 to 38.22 pounds B) 27.55 to 28.45 pounds C) 17.78 to 30 pounds D) 12.22 to 28 pounds
- 4GE 10:01 A company has production costs of item and can produce 270 $15 per items for a total cost of $6,925. The company brings in a total of $3,995 in revenue from selling 85 of these items. Determine each of the following functions. Enter all answers below in slope-intercept form, using exact numbers. a. Find the company's linear revenue function. R(x) b. Find the company's linear profit function. P(x) Submit answerc. Calculate the net absorption of office space and describe how the total demand for offices in this market has changed each year in the table below. 2017 2018 2019 2020 Total stock of office space sq.m 752,000 98,000 779,600 76,432 814,300 88,420 843,500 49,150 Vacant stock of office space sq.m.Problem Answer ALL questions from this section. Write your answers on the supplied answer sheet. Show sufficient work. If necessary, round intermediate calculations and final answers to three decimal places. J 1. The manager of a crew that installs carpeting has tracked the crew's output over the past several we eks, obtaining these figures: Week 10 20 30 43 50 6 Crew Size تمه 30 45 Yards Installed 96- 72- 92- 50, 699 52- 20 39 2₂ Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?
- A summary of total charges from a small café's natural gas bills is provided below: Month kJ Cost October 17 November 16 December 28 36 32 January February March O a. $294 O b. $90 O c. $232 O d. $172 17 $186 187 235 265 280 207 Using regression analysis, the expected cost at 40 kJ would be3. A manager wants to know how many units of each product to produce on a daily basis in order to achieve the highest contribution to profit. Production requirements for the products are shown in the following table: Material 1 Material 2 (pounds) 3 Labor Product (pounds) 2 (hours) 3.2 A 1 1.5 B C 6. Product A sells for $80 a unit, product B sells for $90 a unit, and product C sells for $70 a unit. Available resources each day are 200 pounds of material 1; 300 pounds of material 2; and 150 hours of labor. The manager must satisfy certain output requirement: The output of product A should not be more than one-third of the total number of unit produced; the ratio of units of product A to units of product B should be 3 to 2; and there is a standing order for 5 units of product A each day. (Hind: six constrains: material 1, material 2, labor, A output 1/3, ratio of product A and product B, product A order) Please define the decision variables, the objective function, and formulate the…Management Science: XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000Compute total cost (TC) function
- Management Science: XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000Compute the total variable costLakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Order size Low 2 lots 1 lot 1 lot 3 lots (a) Show a regret table. Order size 2 lots 3 lots 11 9 6 Low Demand Medium 16 24 36 High 16 36 64 Demand Medium (b) What decision should be made by the optimist? O 1 lot O2 lots 3 lots (c) What decision should be made by the conservative? O 1 lot O2 lots 3 lots (d) What decision should be made using minimax regret? O 1 lot O2 lots O3 lots High Maximum Regret1. At the conclusion of her first month of operating Val’s Donut Shop, Val computed the following revenue and expense figures: Week Revenue Expense Profit / Loss 1 $ 894.50 $ 761.80 (a) 2 1,147.60 522.46 3 1,261.80 879.14 4 1,345.11 1,486.20 Month (b) (1) Fill in the gray blanks in the chart above and show your work for calculating the profit/loss for (a) Week 1 and (b) the month. (2 points)