Better Products, Inc., manufactures three products on two machines. In a typical week, 40 hours are available on each machine. The profitcontribution and production time in hours per unit are as follows:CategoryProfit/unitMachine 1 time/unitMachine 2 time/unitProduct 1 Product 2$300.51.0hrhr$502.01.0Product 3$200.75Two operators are required for machine 1-thus, 2 hours of labor must be scheduled for each hour of machine 1 time. Only one operator isrequired for machine 2. A maximum of 100 labor-hours is available for assignment to the machines during the coming week. Otherproduction requirements are that product 1 cannot account for more than 50% of the units produced and that product 3 must account for atleast 20% of the units produced.(c) What is the value (in $) of an additional hour of labor?0.5(a) How many units of each product should be produced to maximize the total profit contribution? What is the projected weekly profit (in$) associated with your solution?Product 1Product 2Product 3weekly profit(b) How many hours of production time will be scheduled on each machine?machine 1machine 2 (d) Assume that labor capacity can be increased to 160 hours. Develop the optimal product mix and the projected weekly profit (in $),assuming the extra hours are made available.Product 1Product 2Product 3weekly profitWould you be interested in using the additional 60 hours available for this resource?Yes, the weekly profit would be increased.No, the weekly profit would be decreased.

Decision Variable: Suppose-X be the quantity of product 1Y be the quantity of product 2Z be the…

Answered: Better Products, Inc., manufactures…

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...

See similar textbooks

Similar questions

Discuss in detail Wiig’s KM cycle. How is it different from McElroy’s KM cycle. Write minimum two points of difference. (Minimum 500 words)
A process of making chair is described as follows: Stage 1 Seat and back attached Stage 2 Legs attached The production speeds are 15 chairs per hour for Stage 1 and 30 chairs per hour for stage 2. The cycle time of the process is ______minutes. The flow time of the process is ______ minutes.
Consider the following data: observed time/unit = 6 minutes Performed Rating = 110% Allowance = 25% of normal time shift duration = 6hours Calculate the standard outputs/shift 2) An employee processes 6 insurance policies/day. The company employs 4 employees,each working 8 hours/day.Employee wage/day=620 dollar and daily overhead expanse = 480 dollar.The company is now considering a purchase of new technology which will enable each employee to process 9 insurance policies/day with an increase of 65 dollars in the daily overhead expanse.The company is aiming for at least 30 percent increase in both labor and multifactor productivity after this purchase.Should the company go for this purchase?
A recurring maintenance job in a factory is being done by a three-man crew. Due to the nature of the job and space limitations, it was observed that two of the men were idle 37% of the time; one of the men was also idle an additional of the time, and at any given time only one man was required. The men were each paid P24.00 per hour. Each time the job was performed a set of tools and equipment with a value equivalent to P36.00 per hour was used. If the three-men crew could complete the work in 5 hours, which crew size would be the most economical
Four employees at a fast-food restaurant each perform one of the four activities in serving a customer: greet customer, take order, process order, and deliver order. The processing time for each activity is given as follows: Greet customer Take order Process order Deliver order A) 50% Assume demand is unlimited. What is the average labor utilization? B) 68% C) 40% Activity D) 162% Processing time per customer 2 seconds 30 seconds 60 seconds 5 seconds
Consider the flow in Figure 7–1 but assume that no patients require follow-upappointments. All patients first check in with the single receptionist, which takesan average of 6 minutes. They are then seen by one of two nurses who take weight,blood pressure, etc., which takes an average of 10 minutes. Finally, they are seenby a GP in an examination room, which takes an average of 16 minutes. There arethree GPs. The table below summarizes this data. Assume the clinic has no waitingroom or examination room constraints.Assume that there are eight patients arriving an hour during working hours.Resource Minutes per patient Number of resourcesReceptionist 6 1Nurse 10 2Doctor 16 3a. What is the capacity of each resource?b. Which resource is the bottleneck and hence what is the capacity of the system?
Andromeda Books is a small independent publisher of fictionand nonfiction books. Each week the publisher receives anaverage of eight unsolicited manuscripts to review (Poissondistributed). The publisher has 12 freelance reviewers in thearea who read and evaluate manuscripts. It takes a revieweran average of 10 days (exponentially distributed) to read amanuscript and write a brief synopsis. (Reviewers work on their own, seven days a week.) Determine how long the pub-lisher must wait on average to receive a reviewer’s manu-script evaluation, how many manuscripts are waiting to be reviewed, and how busy the reviewers are.
A fast-food restaurant has a drive-thru window and during peak lunch times can handle a maximum of 60 cars per hour with one person taking orders, assembling them, and acting as cashier. The average sale per order is $9.50. A proposal has been made to add two workers and divide the tasks among the three. One will take orders, the second will assemble them, and the third will act as a cashier. With this system, it is estimated that 85 cars per hour can be serviced.
A lightly-clothed worker in a ceramics factory lifts 44-pound sacks of product from a floor level conveyor and places them onto a waist high shipping pallet, approximately 10 times per minute. The thermal conditions in the factory are as follows: tDB = 92\deg F tg = 111.8\deg F tWB = 74.2\deg F wind speed = 400 fpm Calculate the Belding Hatch HSI for this job. do fast.
Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival distribution and that he would provide an exponential service distribution. His market survey data indicate that customers arrive at a rate of 4.0 per hour. It will take Benny an average of 8 minutes to give a haircut. Based on these figures, find the following: a. The average number of customers waiting. Note: Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places. Average number of customers waiting b. The average time a customer waits. Note: Round your answer to 2 decimal places. Average waiting time minutes
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost $50,000 A B $40,000 C $70,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Annual Product Demand 1 2 3 4 18,000 25,000 15,000 9,000 A 1 5 4 5 A B C B Click here for the Excel Data File 6531 Total processing time in minutes per machine: a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 8 hours a day, 220 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole number.) C 2 1 2 6
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4,300 of these meals using 1,250 direct labor-hours. The company paid its direct labor workers a total of $11,250 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,300 meals? 2. What is the standard labor cost allowed (SH × SR) to prepare 4,300 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance?

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS