The Erlanger Manufacturing Company makes two products. The profit estimates are $35 for each unit of product 1 sold and $50 for each unit of product 2 sold. The labor-hour requirements for the products in the three production departments are shown in the following table.
Product
Department 1 2
A 1.50 3.00
B 2.00 1.00
C 0.25 0.25
The departments' production supervisors estimate that the following number of labor-hours will be available during the next month: 450 hours in department A, 325 hours in department B, and 50 hours in department C.
a. Develop a linear programming model to maximize profits.
b. Find the optimal solution. How much of each product should be produced, and what is the projected profit?
c. What are the scheduled production time and slack time in each department?
Students also viewed these Management Leadership questions
Chandler Manufacturing Company makes two products: widgets and gidgets. The following information...... ... expects to pay for half of its May purchases by the end of the month. All accounts are paid in full within 30 days. Required: Prepare a production budget and a direct materials budget for...
A manufacturer of potting soil has the following financial data: Pounds produced and sold 24,700...... ... hours Shipping 31,535 59,500 shipments $125,185 Calculate the company\'s overhead rates using the activity-based costing pools. (Round shipping cost per shipment to 2 decimal places, e.g....
Singh Manufacturing Company makes two different products, M and N. The company’s two departments...... ... produced 2,000 units of Product M and 4,000 units of Product N during the year. If Singh prices its products at cost plus 40 percent of cost, what price per unit must it charge for Product M...
The comparative balance sheet of True-Tread Flooring Co. for June 30, 2007 and 2006, is as follows: The following additional information was taken from the records of True-Tread Flooring Co.:a. Equipment and land were acquired for cash.b. There were no disposals of equipment during the year.c. The...
In alphabetical order below are balance sheet items for Karol Company at December 31, 2017. Prepare a balance sheet following the information given below: Accounts payable ...........................$65,000 Accounts receivable ........................ 71,000 Cash...
You receive a Visa credit card bill for $512.50, but it includes a charge of $8.00 that was not valid. (That is, the true credit card bill should be $8.00 less than the bill claims.)
The Borstal Company has to choose between two machines that do the same job but have different lives. The two machines have the following costs: These costs are expressed in real terms. a. Suppose you are Borstal’s financial manager. If you had to buy one or the other machine and rent it to the...
The force F A is 13 kN. The shaft material is AISI 1018 cold-drawn steel. The gears seat against the shoulders and have hubs with setscrews to lock them in place. The effective centers of the gears for force transmission are shown. The keyseats are cut with standard end mills. The bearings are...
(1) Assuming a Poisson arrival distribution and an exponential service time distribution, apply queuing models to the case situation and evaluate the results. Single Server Queue Model Bourbon County Court Lambda.............................................8.92...