Assume that each filling cabinets requires 55 pounds of steel and 3.5 hours of labor, and that each desk requires 65 pounds of steel and 1.5 hours of labor. Assume also that the manufacturer has available 178 tons of steel and 1200 hours of labor. Assume also that the profit on each desk is $44.00 and the profit on each filling cabinet is $30.00. How many filling cabinets and desks should the manufacturer produce in order to maximize its profit?

Q: The concept of ‘Profit maximization’ means a. increasing the firm’s net income as much as possible…

A: As a matter of fact, we can say that where the concept of ‘Profit maximization’ means increasing the…

Q: In job order costing systems, costs are accumulated and assigned to: a) Departments b) Products or…

A: Job order costing is a method used by companies to track the costs associated with producing unique,…

Q: BBC is deciding whether to weld bicycle frames manually or to purchase a welding robot. If welded…

A: From the above given information, The investment costs for equipment if done manually, Fi = $18000…

Q: Assuming that your production function have two inputs, in long-run profit maximization, no input…

A: Production is the process of putting the inputs in the machinery installed and united efforts of the…

Q: Atlanta Manufacturing Company produces products W, X, Y, and Z through a joint process. The joint…

A: To determine the effect on profits if product W is processed further, we will be using the following…

Q: The binary variables in the fixed cost models correspond to: A.) The number of units or products…

A: The binary variable (0s and 1s) in the fixed cost model would correspond to the process for which…

Q: Appliance Apps has the following costs associated with its production and sale of devices that allow…

A: WORKING NOTES : 1         beginning Inventory                                     -   Units…

Q: Which of the following statement is relevant to services? a. Services can be measured b. Services…

A: Services are intangible cannot be touched, stored and perished.

Q: A physical item that is produced and can be weighed or measured O Service O Good O Inventory O…

A: In the world of commerce, products play a central role. These products, often referred to as…

Q: There is an upstream Picking department that feeds two downstream Packing departments: Pack Singles…

A: We have to pack 47880 units in Multis which is accounted for 60% of the volume. Hence, Overall…

Q: A manufacturing firm has three plants and wants to find the most efficient means of meeting the…

A: Given data is

Q: TRUE OR FALSE 1. With moderate participation level, customers work actively with the provider to…

A: "Since you have asked multiple questions, we will solve the first one for you. If you want any…

Q: -Choose the best answer. Which of these is a raw material that can be bought or sold with little…

A: Raw materials can definitely be bought and sold with variations. The details are discussed as…

Q: A manufacturer's average WIP inventory for Part #2934 is 900 parts. The workstation produces parts…

A: Little's law states lead time (aka flow time) = Work in progress / Thorughput this can also be…

Q: They typically produce at least 200 rugs with a single machine setup. A cost incurred each time a…

A: LENILOVESBATO Co. is a manufacturer of various types of floor rugs. A cost incurred each time a new…

Q: A $45,000 investment in a new conveyor system is projected to improve throughput and increasing…

A: Net Present Value (NPV) is the difference between the present value of cash inflows and the present…

Q: A company has limited machine hours available per week, in result the company is able to produce…

A: Productivity is a ratio between the output volume and the volume of inputs. It measures how…

Q: A local factory assembling calculators produces 400 units per month and sells them for P1,842 each.…

A: Production = 400 units per month Selling price (P) = P1842 per unit Fixed cost (F) = P50825 Variable…

Q: A scrap value of $ 1300 at the end of the 6th year of an agricultural machine purchased for $ 8000…

A: Here, we have initial cost data, operating cost data for each year, at the end of 6th year, I have…

Q: how many additional units of X2 will be required

A: Given: dX1 =-2, MRTS = -4 The technical rate of substitution between factors X2 and X1 can be…

Q: A mobile phone producer has fixed costs of 1,5 m $ and variable costs of 800 $. It sells its phones…

A: Break Even Units = Fixed CostsSelling Price + Variable Cost

Q: The bar has an opening inventory of wine of $20,000, purchases $10,000 of wine inventory and has an…

A: Opening Inventory = $20,000Purchases = $10,000Ending Inventory = $15,000Transfer to kitchen = $1,000

Q: Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and…

A: No of loaves (output) = 1500 per month Labor hours per month = 640The labor rate per hour = $8 The…

Q: You are an experienced machinist with a small tool shop. You have been asked to submit a bid to…

A: Find the Calculation methods below: Required time (Tn) = T1nbn - Unit numberT1 - Time Taken for…

Q: 13.25 Refer to the CPA firm in Problem 13.24. In planning for next year, Cohen estimates that…

A: Find the Given details below: Month Jan Feb Mar Apr May Jun Total Billable Hours 600 500 1000…

Q: Imagine you are in charge of making the decision to lease orbuy a fleet of trucks for the moving…

A: The significance of a make or buy decision in an organization are: 1. When a company makes its…

Q: An 8-hour shift at maximum production yields 8,000 units at your factory. Increasing sales and…

A: In case there is a diminishing in the supply of labor and products while demand stays as before,…

Q: A regional bank training center has the physical ability to handle 1,300 participants. However,…

A: Design Capacity of training center = 1300 participants Effective capacity = 1100 participants Actual…

Q: A process requires a 20 second setup for each batch. When producing, the process can produce one…

A: Production is the process in which inputs are combined to have the required output. It includes a…

Q: A Company Is Considering Buying One Of The Following Two Machines. Machine A Machine B $3,900 $1,800…

A: Given data,   Computer A Computer B Initial cost $3,900 $5,500 Salvage value…

Q: Consider a manufacturing company that has an and inventory turnover ratio is 4; if the number of…

A: The formula to be used ; Average no. of days it takes to sell = Inverse of inventory turnover ratio…

Q: Charles Lackey operates a bakery in Idaho​ Falls, Idaho. Because of its excellent product and…

A: As a metric of economic performance, multi factor productivity looks at how output compares to the…

Q: A company has the following demand data for the last three years of sales for their popular product…

A: Month 2017 2018 2019 January 80 82 93 February 70 98 121 March 85 90 138 April 101 113 124…

Q: A plant operation has fixed cost of $2,000,000 per year, and its output capacity is 100,000…

A: Fixed cost = $2,000,000 per yearVariable cost = $70 per unitProduct selling price = $120 per…

Q: Dana’s Ribbon World makes award rosettes. Following is information about the company:…

A: The question is related to the Cost Volume Profit Analysis and Leverage. The Basic Sales equation is…

Q: Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12 hours…

A: Production is the process consist of different stages. Each stage have different combinations of the…

Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.