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Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost PERIOD 1 2 3 550 700 750 500 500 500 50 50 50 120 120 100 100 $60 per unit $80 per unit $90 per unit $1 per unit per month $3 per unit per month Answer is complete but not entirely correct. $ Minimum total cost 126,650

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost PERIOD 1 2 3 550 700 750 500 500 500 50 50 50 120 120 100 100 $60 per unit $80 per unit $90 per unit $1 per unit per month $3 per unit per month Answer is complete but not entirely correct. $ Minimum total cost 126,650

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Munabhai 

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost PERIOD 1 2 3 550 700 750 500 500 500 50 50 50 120 120 100 100 $60 per unit $80 per unit $90 per unit $1 per unit per month $3 per unit per month Answer is complete but not entirely correct. $ Minimum total cost 126,650
Transcribed Image Text:Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: Demand Capacity Regular Overtime Subcontract Beginning inventory Costs Regular time Overtime Subcontract Inventory carrying cost Back-order cost PERIOD 1 2 3 550 700 750 500 500 500 50 50 50 120 120 100 100 $60 per unit $80 per unit $90 per unit $1 per unit per month $3 per unit per month Answer is complete but not entirely correct. $ Minimum total cost 126,650
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