A chain saw requires 2 hours of assembly and a wood chipper 5 hours. A maximum of 30 hours of assembly time is available. The profit is $170 on a chain saw and$250 on a chipper. How many of each should be assembled for maximum profit?To attain the maximum profit, assembiechain saws and wood chippers.

Name: A chain saw requires 2 hours of assembly and a wood chipper 5 hours.
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: A chain saw requires 2 hours of assembly and a wood chipper 5 hours. A maximum of 30 hours of assembly time is available. The profit is $170 on a chain saw and$250 on a chipper. How many of each should be assembled for maximum profit?To attain the m

In this case assembly time is a constraint resource . When there is a constraint resource , the…

Answered: res 2 hours of assembly and a wood…

Business

Accounting

res 2 hours of assembly and a wood chipper 5 hours. A maximum of 30 hour How many of each should be assembled for maximum profit? mum proft, assemble chain saws and wood chippers

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 11EB: Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes...

See similar textbooks

Similar questions

Summer company manufactures beach chairs. $ 4.00 of direct materials are needed for each chair. Labor is $ 15 an hour. The company manufactures 3 chairs per hour. Indirect costs are $ 9.00 per hour. Commissions to sellers are $ 2.00 per unit sold. The cost of a chair will be:
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 17 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 1 hours. These workers are paid $28.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round your answer to two decimal places. Standard Cost $
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round to the penny, two decimal places. Standard cost card Standard Quantity Standard Quantity Measurement Standard Cost per Unit Per Measurement Cost Summary Direct Materials Plastic-coated copper feet $ per foot $ Plastic material pounds $ per pound $ Direct…
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round to the penny, two decimal places. Direct Materials Plastic-coated copper Plastic material Direct Labor Assembly Finish Manufacturing Overhead Variable overhead Fixed overhead Standard cost Standard Quantity Standard cost card Standard Quantity Standard Cost per Measurement Unit feet…
A furniture company manufactures desks and chairs. Each desk requires 29 hours to manufacture and contributes $400 to profit, and each chair requires 19 hours to manufacture and contributes $250 to profit. Due to marketing restrictions, a total of 2000 hours are available. Use Solver to maximize the company’s profit. What is the maximum profit? How many desks and chairs should the company manufacture? Of the 2000 available hours, how many hours will be used?
Use the information provided to create a standard cost card for production of one deluxe bicycle from Bicycles Unlimited. To make one bicycle it takes four pounds of material. The material can usually be purchased for $5.25 per pound. The labor necessary to build a bicycle consists of two types. The first type of labor is assembly, which takes 2.75 hours. These workers are paid $11.00 per hour. The second type of labor is finishing, which takes 4 hours. These workers are paid $15.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $5.00 per labor hour. The fixed overhead rate is $3.00 per hour.
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.4 pounds of plastic material. The plastic material can usually be purchased for $21.00 per pound, and the wire costs $2.40 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.4 hours. These workers are paid $28.00 per hour. The second type of labor is finishing, which takes 1 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.50 per hour. Round your answer to two decimal places. Standard Cost $fill in the blank 1
The Redfield Company manufactures three products: chairs, big tables, and little tables. Each chair requires 2 hours in the assembly room and 4 hours in the painting center. Each big table requires 4 hours in assembly and 2 hours in painting. The corresponding values for little tables are 3 hours and 2 hours. The company has available 180 hours of assembly time and 200 hours of painting time. The contribution to profit is $8 for each chair, $10 for each big table, and $7 for each little table. There is a requirement that at least 50 tables (big and/or little) be produced or notables be produced. The objective is to maximize profit contribution.
A furniture company manufactures tables and chairs. A table requires 45 board-feet of wood, and a chair requires 20 board-feet of wood. Wood can be purchased at a cost of $1.90 per board-foot, and 25,000 board-feet of wood are available for purchase. It takes 2.5 hours of skilled labor to manufacture an unfinished table or an unfinished chair. Then 3 more hours of skilled labor will turn an unfinished table into a finished table, and 1.5 more hours of skilled labor will turn an unfinished chair into a finished chair. A total of 4500 hours of skilled labor is available (and have already been paid for). All furniture produced can be sold at the following unit prices: an unfinished table, $180; a finished table, $330; an unfinished chair, $130; and a finished chair, $200. a. Determine how to maximize the company’s profit from manufacturing tables and chairs. b. Use a two-way SolverTable to see how the numbers of unfinished products (both chairs and tables) sold depend on the selling…
1. SportsHaven’s garden department produces bags of mulch. Fixed cost is $17,300. Each bag sells for $3.21 with a unit cost of $1.48. How many bags of mulch must be sold to breakeven?
You make component X in-house at a cost of $16 per unit, which consists of $2 direct labor per unit, $7 direct materials per unit, $6 fixed overhead per unit, and $1 variable overhead per unit. You need 1,000 units of X per month. An outside supplier has offered to sell component X to you at $12 per unit. If you outsource the production of X to the supplier, how much will your profit change in the short term? decrease by $4,000 decrease by $2,000 O increase by $2,000 O increase by $12,000 O increase by $4,000
A manufacturer produces both widgets and gadgets. Widgets generate a profit of $50 each and gadgets have a profit margin of $35 each. To produce each item, a setup cost is incurred. This setup cost of $500 for widgets and $400 for gadgets. Widgets consume 4 units of raw material A and 5 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 500 units of each raw material available Set up the problem in Excel and find the optimal solution. What is the maximum profit possible? Multiple Choice O O $3,500 $4.500 $5,500