Burger Office Equipment produces two types of desks, standard and deluxe. Deluxe desks have oak tops and more expensive hardware and require additional time for finishing and polishing. After reviewing the hardware and labor requiredalong with the profit for each model, Burger Office Equipment found the following linear optimization model for profit, where S is the number of standard desks produced and D is the number of deluxe desks produced. Implement the linearoptimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints, and verify the values of the slack variables.Maximize Profit=240 S+350 D65 S+45 D≤600020 D≤ 800(Availability of pine)9 S+18 D≤500S≥0 and D≥0(Availability of oak)(Availability of labor)Implement the linear optimization model and find an optimal solution. Interpret the optimal solution.The optimal solution is to producestandard desks anddeluxe desks. This solution gives the maximum possible profit, which is $(Type integers or decimals rounded two decimal places as needed.)

Part 2: Approach to solving the questionTo solve this linear optimization problem and find the…

Answered: Burger Office Equipment produces two…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 41P: Salem Electronics currently produces two products: a programmable calculator and a tape recorder. A...

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Use a solver to find the answers. What is the answer for the empty boxes?
I dont need to know how to use solver. I just want to know the optimal solution to produce for both, and the profit.
What is the answers using solver on excel:
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of SpeedBuster models produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints, and verify the values of the slack variables. Maximize Profit 123 L+ 137 S 18 L+11 S≤ 5000 6L+8S≤4500 L≥0 and S≥0 (Availability of component A) (Availability of component B) Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce LaserStop models and SpeedBuster models. This solution gives the (Type integers or decimals rounded to two decimal places as…
What is the answers using solver on excel:
Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answer Report, identify the binding constraints, and verify the values of the slack variables. Maximize Profit=1000 R+ 1800 S R+S≥700 R S 5 3 R≥400 S≥200 $168 (Total production) (Time limitation) (Demand for regular grind) (Demand for super grind) Implement the linear optimization model and find an optimal solution. Interpret the optil solution. The optimal solution is to produce tons of regular grind and tons of super grind.…
Container Solutions produces plastic storage bins for household storage needs. 1(Click the icon to view additional information.) Sales prices and variable costs are as follows: 2(Click the icon to view the costs.) Read the requirements3. Requirement 1. Which product should Container Solutions emphasize? Why? Complete the product mix analysis to determine the contribution margin per machine hour. Container Solutions Product Mix Analysis Regular Large Sales price per unit Variable cost per unit Contribution margin per unit Units per machine hour × × Contribution margin per machine hour Which product should Container Solutions emphasize? Why? Container Solutions should emphasize the production of (1) because this product has the higher (2) Requirement 2. To maximize profits, how many of each size bin…
I dont need to know how to use solver. I just want to know the optimal solution to produce for both, and the profit.
Valencia Products make automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where x is the number of LaserStop models produced and y is the number of SpeedBuster models produced. Graph the constraints and identify the feasible region. Then identify each of the corner points and show how increasing the objective function value identifies the optimal solution. Maximize Profit=124x+138y 19x+12y ≤ 3000 6x + 7y ≤ 2500 x20 and y≥0 Identify the graph of the feasible region. Choose the correct graph below. 800- 40 400 800 O B. Ay 800- 406 G 400 800 ○ C. D. 800- 800- Q 400 400 400 800 Identify the vertices of the given feasible region. Π (Type an ordered pair, using integers or decimals rounded to two decimal places as needed. Use a comma to separate answers as needed.) G x 0 800
Valencia Products make automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where x is the number of LaserStop models produced and y is the number of SpeedBuster models produced. Graph the constraints and identify the feasible region. Then identify each of the corner points and show how increasing the objective function value identifies the optimal solution. Maximize Profit=124x+138y 19x+12y ≤ 3000 6x + 7y ≤2500 x≥0 and y≥0 OB. 800- Ay 800- Q Q 408 406 G 50 65 x 400 800 O C. 800 400 O D. Ay 800- Q 400 800 Identify the vertices of the given feasible region. (0, 0), (0, 250), (157.89, 0) (Type an ordered pair, using integers or decimals rounded to two decimal places as needed. Use a comma to separate answers as needed.) The optimal solution is to produce LaserStop models and…
Salem Electronics currently produces two products: a programmable calculator and a tape recorder. A recent marketing study indicated that consumers would react favorably to a radio with the Salem brand name. Owner Kenneth Booth was interested in the possibility. Before any commitment was made, however, Kenneth wanted to know what the incremental fixed costs would be and how many radios must be sold to cover these costs. In response, Betty Johnson, the marketing manager, gathered data for the current products to help in projecting overhead costs for the new product. The overhead costs based on 30,000 direct labor hours follow. (The high-low method using direct labor hours as the independent variable was used to determine the fixed and variable costs.) All depreciation. The following activity data were also gathered: Betty was told that a plantwide overhead rate was used to assign overhead costs based on direct labor hours. She was also informed by engineering that if 20,000 radios were produced and sold (her projection based on her marketing study), they would have the same activity data as the recorders (use the same direct labor hours, machine hours, setups, and so on). Engineering also provided the following additional estimates for the proposed product line: Upon receiving these estimates, Betty did some quick calculations and became quite excited. With a selling price of 26 and just 18,000 of additional fixed costs, only 4,500 units had to be sold to break even. Since Betty was confident that 20,000 units could be sold, she was prepared to strongly recommend the new product line. Required: 1. Reproduce Bettys break-even calculation using conventional cost assignments. How much additional profit would be expected under this scenario, assuming that 20,000 radios are sold? 2. Use an activity-based costing approach, and calculate the break-even point and the incremental profit that would be earned on sales of 20,000 units. 3. Explain why the CVP analysis done in Requirement 2 is more accurate than the analysis done in Requirement 1. What recommendation would you make?

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