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A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php 18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?

A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php 18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?

Practical Management Science
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 machine used for cutting materials in a factory has the following outputs per hour at various speeds and requires periodic tool regrinding at the intervals cited. Speed Output per Hour Tool Regrinding 200 pieces 250 pieces 280 pieces every 8 hours every 7 hours every 5 hours A B A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php 18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?
Transcribed Image Text:A machine used for cutting materials in a factory has the following outputs per hour at various speeds and requires periodic tool regrinding at the intervals cited. Speed Output per Hour Tool Regrinding 200 pieces 250 pieces 280 pieces every 8 hours every 7 hours every 5 hours A B A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php 18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?
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