Question: Question 6 (14 marks) A manager must decide which type of machine to buy: A, B or C. Machine fixed costs are: Machine B C

Question 6 (14 marks) A manager must decide which type of machine to buy: A, B or C. Machine fixed costs are: Machine B C Cost/year $50,000 $60,000 $90,000 The company makes 4 products. Product forecasts and unit processing times The company makes 4 products. Product forecasts and unit processing times on each machines are as follows: Product 1 2 3 4 Forecasts 20000 15000 10000 40000 Processing time / unit (mins) A B C 3 4 2 4 4 3 5 6 4 2 2 1 . How many machines of each type would be needed to meet annual demand for all the products? Based on annual fixed costs, which type of machine will cost the least to satisfy the demand? (machines operate 10 hours a day, 250 days a year) Question 7 (2 marks)

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