2 Minites. 2The Lifang Wu Corporation manutactures two models of industrial robots, the Alpha 1 and the Beta 2. The fim employs 5 technicians, working 160 hours each permonth, on its assembly line. Management insists that full employment ithat is, al 160 hours of time) be maintained for each worker during next month's operations. Itrequires 20 labor-hours to assemble each Alpha 1 robot and 25 tabor-hours to assemble each Beta 2 model. Wu wants to see at least 17 Alpha 1s and no more than 15Beta 2s produced during the production period. Alpha 1s generate a $1.200 profit per unit, and Beta 2s yield $1,800 eacha Determine the most profitable number of each model of robot to produce during the coming month. Selectb What is the total profit Select)c What if there was a reduction in 10 hours, what impact, in terms of profit would this dechsion have? Select

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Description: 2 Minites. 2The Lifang Wu Corporation manutactures two models of industrial robots, the Alpha 1 and the Beta 2. The fim employs 5 technicians, working 160 hours each permonth, on its assembly line. Management insists that full employment ithat is, a

Variable cost is the cost that changes with the change in the output level.

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The Liang Wu Carporation manufactures two models of industrial robots, the Apha 1and the Beta 2. The fm employs Stechnicians, working 160 hours each per month, on its ansenbly line. Management insists that full employment hat is, a 160 hous of time be maintained for each worker during next month's operationsR reures 20 labor hours to assemble each Alpha 1 robot and 25 abor hours to assemble each Beta 2 model. We wants to see at leant 17 Alpha is and no more than 15 Beta 2 produced during the production period. Apha ts generate a $1.200 profit per unit, and Beta 2s vield $1.800 each A Determine the most profitable umber of each model of robot to produce during the coming monthSelect) What is the tutal profeSelect) eWhat if there was a reduction in 10 hous what inpact, in terms of profit, would this decision have?Select

The Liang Wu Carporation manufactures two models of industrial robots, the Apha 1and the Beta 2. The fm employs Stechnicians, working 160 hours each per month, on its ansenbly line. Management insists that full employment hat is, a 160 hous of time be maintained for each worker during next month's operationsR reures 20 labor hours to assemble each Alpha 1 robot and 25 abor hours to assemble each Beta 2 model. We wants to see at leant 17 Alpha is and no more than 15 Beta 2 produced during the production period. Apha ts generate a $1.200 profit per unit, and Beta 2s vield $1.800 each A Determine the most profitable umber of each model of robot to produce during the coming monthSelect) What is the tutal profeSelect) eWhat if there was a reduction in 10 hous what inpact, in terms of profit, would this decision have?Select

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter11: Linear Optimization Models

Section: Chapter Questions

Problem 7P: Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are...

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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $ 6.20 Standard Cost $ 2.79 During August, 9,325 hours of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $55,950 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,500 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 19,500 Jogging Mates? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $44,760 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5, indicate the effect of each variance by selecting "F" for…
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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: Standard Standard Rate Hours 30 minutes per Hour $ 5.60 Standard Cost $ 2.80 During August, 10,660 hours of direct labor time were needed to make 19,900 units of the Jogging Mate. The direct labor cost totaled $58,630 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,900 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 19,900 Jogging Mates? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $51,168 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5, indicate the effect of each variance by selecting "F" for…
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Peter Ltd makes 3 products that must be offered for sale each month to complete market service. The products are fragile and deteriorate quickly shortly after production. They are produced on two types of machines and worked on a single grade of direct labour. 50 direct employees are paid $8 per hour for a guaranteed minimum of 160 hrs per month. All the products are first pasteurised on a machine A and then finished and sealed on a Machine type B The machine hours required for each of the products are as follows: Soya (hrs per unit) Milco (hrs per unit) Yoghurt (hrs per unit) Machine Type A 1.5 4.5 3 Machine Type B 1.0 2.5 2 The capacity of the available machines type A and B are 6000 hours and 5000 hours per month respectively. The selling prices, unit costs and monthly demand for the 3 products are as follows: Soya ($per unit) Milco( $ per unit) Yogurt ($ per unit) Selling price 910 1740 1400 Concentrate cost 220 190 160 Other direct materials 230 110…
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $ 5.60 Standard Cost $ 2.52 During August, 9,575 hours of direct labor time were needed to make 19,500 units of the Jogging Mate. The direct labor cost totaled $51,705 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,500 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 19,500 Jogging Mates? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $49,790 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5, indicate the effect of each variance by selecting "F" for…
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 18 minutes Standard Rate per Hour Standard Cost $ 5.10 $ 17.00 During August, 5,750 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $102,350 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 20,000 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4 per direct labor-hour. During August, the company incurred $21,850 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5,…
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 18 minutes $ 17.00 $ 5.10 During August, 5,750 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $102,350 for the month. Please help with the following: A) What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? B) What is the standard labor cost allowed (SH × SR) to make 20,000 Jogging Mates? C) What is the labor spending variance? D) What is the labor rate variance and the labor efficiency variance? E) The budgeted variable manufacturing overhead rate is $4 per direct labor-hour. During August, the company incurred $21,850 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.
Underwood, Inc. manufactures two products. It currently has 2,000 hours of direct labor and 1,000 hours of machine time available per month. The table below lists the contribution margin, labor and machine time requirements, and demand for each product. Product A Product B Unit contribution margin $ 49.00 $ 41.00 Demand 1,000 units 2,000 units Labor time ¾ hour ½ hour Machine time 1 hour ½ hour What is the contribution margin per machine hour for Product A? Multiple Choice $82.00 $41.00 $65.33 $49.00
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Erle Company manufactures a moble fitness device called the JoggIng Mate. The company uses standards to control Its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Rate Standard per Hour $6.00 Standard Hours Cost 27 minutes $2.70 During August, 9,690 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $56,202 for the month. Requlred: 1. What Is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost allowed (SH x SR) to make 20,000 Jogging Mates? 3. What Is the labor spending varlance? 4. What is the labor rate varlance and the labor efficiency varlance? 5. The budgeted varlable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company Incurred $48,450 in varlable manufacturing overhead cost. Compute the varlable overhead rate and efficiency varlances for the month. (For requlrements 3 through 5, Indicate the…