Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 700 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 200 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table: Production Time (Hours) Cutting and Packaging and Shipping 1/6 3/4 Model Sewing Finishing Profit/Glove Regular model 1 3/2 $4 Catcher's model 3/2 1/2 $8 Assuming that the company is interested in maximizing the total profit contribution, answer the following: (a) What is the linear programming model for this problem? If required, round your answers to 3 decimal places or enter your answers as a fraction. If the constant is "1" it must be entered the box. Do not round intermediate calculation. If an amount is zero, enter "0".
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- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Digital Imaging has hired your Analytics Consulting Firm (SJU Analytics) to help determine how many units of each printer they should produce to maximize profit. Construct a Simple Linear Programing Analysis using Excel SOLVER Prepare a presentation to DI’s president presenting your findings and recommendations. Digital Imaging’s Leadership team has providing the following information: Digital Imaging (DI) produces color printers for both the professional and consumer markets. The DI consumer division recently introduced two new color printers. The DI-910 model can produce a borderless color print in approximately 37 seconds. The more sophisticated and faster DI-950 can even produce a borderless color print. Financial projections show profit contributions of $42 for each DI-910 and $87 for each DI-950. The printers are assembled, tested, and packaged at DI’s plant located in New Bern, North Carolina. This plant is highly automated and uses two manufacturing lines to produce the…Mukukulu Co uses a variance analysis system to monitor its performance. In a certain month the following data applies: – 1·4 tonnes of Raw material are needed at a cost of K60 per tonne – It takes 2 labour hours of work to produce 1 tonne of finished product and labour is normally paid K18 per hour. Idle time is expected to be 10% of hours paid; this is not reflected in the rate of K18 above. – 2 hours of variable overhead at a cost of K30 per hour – The standard selling price is K240 per tonne Budget information for the month is – Fixed costs were budgeted at K210,000 for the month – Budgeted production and sales were 8,400 tonnes The actual results for the month were as follows: Actual production and sales were 8,000 tonnes – 12,000 tonnes of raw material were bought and used, costing K660,000 – 15,800 labour hours were paid for, costing K303,360 – 15,000 labour hours were worked – Variable production overhead cost K480,000 – Fixed costs were K200,000 – Sales revenue achieved was…
- Dana’s Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette $ 2.00 Sales price per rosette $ 6.00 Total fixed costs per month $ 6000.00 Required: 1. Suppose Dana’s would like to generate a profit of $1,120. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana’s sells 2,140 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana’s degree of operating leverage if it sells 2,140 rosettes. 4a. Using the degree of operating leverage, calculate the change in Dana’s profit if unit sales drop to 1,819 units. 4b. Prepare a new contribution margin income statement to verify change in dana's profit.Western Chassis produces high-quality polished steel and aluminum sheeting and two lines ofindustrial chassis for the rack mounting of Internet routers, modems, and other telecommunicationsequipment. The contribution margin (contribution toward profit) for steel sheeting is $0.40 per poundand for aluminum sheeting is $0.60 per pound. Western earns $12 contribution on the sale of aStandard chassis rack and $15 contribution on a Deluxe chassis rack. During the next productioncycle, Western can buy and use up to 25,800 pounds of raw unfinished steel either in sheeting or inchassis. Similarly, 20,400 pounds of aluminum are available. One standard chassis rack requires 16pounds of steel and 8 pounds of aluminum. A Deluxe chassis rack requires 12 pounds of each metal.The output of metal sheeting is restricted only by the capacity of the polisher. For the next productioncycle, the polisher can handle any mix of the two metals up to 4,000 pounds of metal sheeting. Chassismanufacture can be…PRODUCT MIX: The JP Manufacturing Company produces two products. Resource requirements for production are given in the table. There are 1500 hours of assembly worker hours available per week, 600 hours of paint time, and 200 hours of the inspection time. Regular customers will demand at least 150 units of the regular line and 90 of the super. Formulate an LP model that will determine the optimal product mix on a weekly basis. Product Profit contribution Assembly time (hr) Paint time (hr) Inspection time (hr) Product A 50 1 1/2 1/5 Product B 75 1.5 3/4 1/5
- Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows: Activity JIT distributors Non-JIT distributors Sales Orders 500 30 Sales Calls 30 30 Service Calls 200 90 Average Order Size 90 1,400 Manufacturing Cost/Unit $50 $50 Customer Costs: Processing Sales Orders $160,000 Selling Goods $155,000 Servicing Goods $195,000 Total $500,000 Calculate the activity rate for selling goods. (Note: Round answer to two decimal places.) a.$2,200.50 per sales call b.$9,400.60 per sales call c.$3,550.66 per sales call d.$2,583.33 per sales call e.$4,800.40 per sales callFedori Corporation has a Parts Division that does work for other Divisions in the company as well as for outside customers. The company's Machinery Division has asked the Parts Division to provide it with 4,000 special parts each year. The special parts would require P23.00 per unit in variable production costs. The Machinery Division has a bid from an outside supplier for the special parts at P37.00 per unit. In order to have time and space to produce the special part, the Parts Division would have to cut back production of another part-the YR24 that it presently is producing. The YR24 sells for P40.00 per unit, and requires P28.00 per unit in variable production costs. Packaging and shipping costs of the YR24 are P3.00 per unit. Packaging and shipping costs for the new special part would be only P1.50 per unit. The Parts Division is now producing and selling 15,000 units of the YR24 each year. Production and sales of the YR24 would drop by 20% if the new special part is produced for…Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $23,750 Material cost per unit = $0.17 • Labor cost per unit = $0.12 • Revenue per unit = $0.67 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000.…
- Structure Furniture, manufactures coffee tables. Structure Furniture has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units Machine-hours 30,000tables 8,000hours Direct manufacturing labour-hours 10,000hours Direct materials per unit Direct manufacturing labour per hour Variable manufacturing overhead costs Fixed manufacturing overhead costs Product and process design costs Marketing and distribution costs S100 S12 $322,500 $1,200,000 $900,000 $1,125,000 a) Structure Furniture is approached by an overseas customer to fulfill a one-time-only special order for 1,000 units. All cost relationships remain the same except for a one-time setup charge of $20,000. No additional design, marketing, or distribution costs will be incurred. What is the minimum acceptable bid per unit on this one-time-only special order? b) What is the Structure Furniture full product cost for…A company has limited machine hours available per week, in result the company is able to produce only 3 of 4 products. The company needs to increase the number of hours worked using the existing machinery by working overtime. Such overtime would be paid at a premium of 50% above normal labour rates, and variable overhead costs would be expected to increase in proportion to labour costs. Critically discuss any expected increase in contribution and any issues (in particular in regard to overtime working) that could arise and would need to be resolved. What would be advantages and disadvantages of that and how this will affect the quanitity and the quality of the production and the whole process.Karen owns a roof repair service and drives a van to local client sites. During the week she drives the following distances: · From her home to her business headquarters: 8 miles · From her headquarters to a client site: 15 miles · From client site back to her headquarters: 15 miles · Trip from her headquarters back home: 8 miles How many miles does she count for business purposes? Group of answer choices 8 miles. 15 miles. 30 miles. 46 miles.