The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months, Cost data are as followsRegular-time cost per monitorOvertime cost per monitorSubcontract cost per monitorCarrying cost per monitor per month$70$110$120$2For each of the next 4 months, capacity and demand for flat-screen monitors are as follows:PeriodMonth 31,500Month 1Month 2Month 4DemandCapacityRegular timeOvertimeSubcontract2,0002,5002,1001,6004007001,6004006007501,500500200600600"Factory closes for 2 weeks of vacation.CEO Mohan Rao expects to enter the planning period with 400 monitors in stock. Backordering is not permitted (meaning, for example, that monitors producad in the second morth cannot be used in the trst monthto cover first month's demand).Minimizing total cost using the transportation method, the total cost is $(enter your response as a whole number).Clear allCheck swer

Month 1 Month 2 Month 3 Month 4 Total Demand 2000 2500 1500 2100 Regular Time…

Answered: to cover first month S Minimizing total…

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to cover first month S Minimizing total cost using the transportation method, the total cost is S (enter your response

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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Question

The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months, Cost data are as follows
Regular-time cost per monitor
Overtime cost per monitor
Subcontract cost per monitor
Carrying cost per monitor per month
$70
$110
$120
$2
For each of the next 4 months, capacity and demand for flat-screen monitors are as follows:
Period
Month 3
1,500
Month 1
Month 2
Month 4
Demand
Capacity
Regular time
Overtime
Subcontract
2,000
2,500
2,100
1,600
400
700
1,600
400
600
750
1,500
500
200
600
600
"Factory closes for 2 weeks of vacation.
CEO Mohan Rao expects to enter the planning period with 400 monitors in stock. Backordering is not permitted (meaning, for example, that monitors producad in the second morth cannot be used in the trst month
to cover first month's demand).
Minimizing total cost using the transportation method, the total cost is $(enter your response as a whole number).
Clear all
Check swer

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