Answer the following questions using the Answer Report and the Sensitivity Report Below. Support your answers with explanations and the work showed.You run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced.Here are the Questions Below That Needs To Be Answered1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)2.) Which of the constraints are binding? What does the slack for each non-binding constraint represent? ANSWER REPORTObjective Cell (Max)OriginalCellNameValueFinal Value$F$5 Profit4478.57Variable CellsOriginalCellNameValueFinal ValueInteger$B$3Clocks178.57 Contin$¢$3RadiosO Contin$D$3Toasters150 ContinConstraintsCellNameCell ValueFormulaStatusSlackSEST Budget Used2000 ŞE$7<=$F$7BindingNot$E$8Labor Used657.14 ŞE$8<=$F$8Binding2.86NotŞE$9Clocks Demand Used178.57 SE$9<=$F$9Binding21.43$E$10 Radios Demand UsedSE$11 Toasters Demand UsedNotO SE$10<=$F$10 Binding150 ŞE$11<-$F$11 Binding300SENSITIVITY REPORTVariable CellsFinalReducedObjectiveAllowableAllowableCellNameValueCostCoefficientIncreaseDecrease$B$3Clocks178.57151.81$C$3Radios-1.43201.431E+30$D$3Toasters150121E+301.29ConstraintsFinalShadowConstraintAllowableAllowableCellNameValuePriceRH. SideIncreaseDecreaseŞE$7 Budget Used20002.142000125010SE$8Labor Used657.146601E+302.86$E$9Clocks Demand Used178.572001E+3021.43$E$10 Radios Demand Used3001E+30300SE$11 Toasters Demand Used1501.29150530

Answer and Sensitivity report of a problem in excel is generated by solver function in the DATA…

Answered: Answer the following questions using…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Answer the following questions using the Answer Report and the Sensitivity Report Below. Support your answers with explanations and the work showed.

You run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced.

Here are the Questions Below That Needs To Be Answered

1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)

2.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?

ANSWER REPORT
Objective Cell (Max)
Original
Cell
Name
Value
Final Value
$F$5 Profit
4478.57
Variable Cells
Original
Cell
Name
Value
Final Value
Integer
$B$3
Clocks
178.57 Contin
$¢$3
Radios
O Contin
$D$3
Toasters
150 Contin
Constraints
Cell
Name
Cell Value
Formula
Status
Slack
SEST Budget Used
2000 ŞE$7<=$F$7
Binding
Not
$E$8
Labor Used
657.14 ŞE$8<=$F$8
Binding
2.86
Not
ŞE$9
Clocks Demand Used
178.57 SE$9<=$F$9
Binding
21.43
$E$10 Radios Demand Used
SE$11 Toasters Demand Used
Not
O SE$10<=$F$10 Binding
150 ŞE$11<-$F$11 Binding
300
SENSITIVITY REPORT
Variable Cells
Final
Reduced
Objective
Allowable
Allowable
Cell
Name
Value
Cost
Coefficient
Increase
Decrease
$B$3
Clocks
178.57
15
1.8
1
$C$3
Radios
-1.43
20
1.43
1E+30
$D$3
Toasters
150
12
1E+30
1.29
Constraints
Final
Shadow
Constraint
Allowable
Allowable
Cell
Name
Value
Price
RH. Side
Increase
Decrease
ŞE$7 Budget Used
2000
2.14
2000
1250
10
SE$8
Labor Used
657.14
660
1E+30
2.86
$E$9
Clocks Demand Used
178.57
200
1E+30
21.43
$E$10 Radios Demand Used
300
1E+30
300
SE$11 Toasters Demand Used
150
1.29
150
5
30

Expert Solution

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions