ious speeds and requires periodic tool regrinding at the intervals cited. Speed Output per Hour Tool Regrinding 200 pieces 250 pieces 280 pieces every 8 hours every 7 hours every 5 hours A B et of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs po and the time needed to regrind and change tools is 1 hour. The machine operat d Php 28.00 per hour, including the time the tool is changed. The tool grinder who s the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable ag machine is Php 54.00 regardless of machine speed. Which speed is the most econom

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...
icon
Related questions
Question
4
A machine used for cutting materials in a factory has the following outputs per hour at
various speeds and requires periodic tool regrinding at the intervals cited.
Speed
Output per Hour
Tool Regrinding
200 pieces
250 pieces
280 pieces
every 8 hours
every 7 hours
every 5 hours
A
B
A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php
18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is
paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also
sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against
the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?
Transcribed Image Text:A machine used for cutting materials in a factory has the following outputs per hour at various speeds and requires periodic tool regrinding at the intervals cited. Speed Output per Hour Tool Regrinding 200 pieces 250 pieces 280 pieces every 8 hours every 7 hours every 5 hours A B A set of tools costs Php 1,800 and can be ground twenty times. Each regrinding costs Php 18.00 and the time needed to regrind and change tools is 1 hour. The machine operator is paid Php 28.00 per hour, including the time the tool is changed. The tool grinder who also sets the tools to the machine is paid Php 25.00 per hour. The hourly rate chargeable against the machine is Php 54.00 regardless of machine speed. Which speed is the most economical?
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
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
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
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…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.