Using the Hungarian method, determine the optimal assignment of the workers that willminimize the cost (Use manual process) 3. The Fix-it Shop has just received four new repair projects that must be repaired quickly, i.e.,project 1, project 2, project 3, and project 4. Four workers namely Arun, Barun, Chandan, and Dibyawith different talents will be able to do the job. Arun, Barun, Chandan, and Dibya can be assigned toany of these projects. It is known that every project will comprise only one worker. Also, one workerwill work in only one project and will not change the project after assignment. The wages charged bythe workers in different projects are given below in the following tableProjectsWorkersProject 1Project 2Project 3Project 4Arun$1$4$6$3Barun$9$7$10$9Chandan$4$5$1$7Dibya$8$7$8$5Now, Fix-it Shop wants to complete all of these projects at minimum cost. Based on theinformation given above, answer the following questions. Also, clearly write down each of thesteps.

Hungarian Method is a technique in cost accounting to find the optimum solution of cost allocation…

Answered: Using the Hungarian method, determine…

Using the Hungarian method, determine the optimal assignment of the workers that will minimize the cost (Use manual process)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2TP: You are a management accountant for Time Treasures Company, whose company has recently signed an...

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