A company manufactures two types of novelty souvenirs made of plywood. Souvenirs of type A require 5 minutes each for cutting and 10 minutes each for assembling. Souvenirs of type B require 8 minutes each for cutting and 8 minutes each for assembling. There are 3 hours 20 minutes available for cutting and 4 hours for assembling. The profit is $5 each for type A and $6 each for type B souvenirs. How many souvenirs of each type should the company manufacture in order to maximize the profit? Determine the maximum profit.
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- 2.28 A foundry produces castings to order. An order for 20 special castings has been re- ceived. Since the casting process is highly variable, not all castings produced are good. The cost of producing each casting is $550; the additional cost of finishing a good casting is $125. If a casting is not good, it is recycled at a value of $75; excess good castings are not finished but are recycled at a value of $75. The customer has agreed to accept 15, 16, 17, 18, 19, or 20 castings at a price of $1250 each. If fewer than 15 good castings are produced, none will be purchased by the customer. Prob- ability distributions for the number of good castings produced in a batch of varying sizes are given below. How many castings should be scheduled in order to maximize expected profit? #Good Castings 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 79 2 PRODUCT, PROCESS, AND SCHEDULE DESIGN Number of Castings Scheduled 15 16 17 0.05 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.00…d) A company can produce three products A, B and C. the products yield a contribution of Kshs.8, 5 and 10 respectively. The products use a machine which has 400 hours capacity. Each unit of the product uses 2, 3 and 1 hour respectively of the machines capacity. There are only 150 units available in the period of a special component which is used singly in product A and C. Only 200kgs of a special alloy is available in the period. The usage of special alloy is 2kgs per unit and 4kgs per unit respectively. There is an agreement with a trade association to produce no more than 50 units of product B in the period. Advise the company on the production plan that will maximize contribution.A D E F G H J K 1 Hair Dryers A company makes two models of hair dryers, model A and model B. Each dryer must be assembled and packed. Model A requires 10 minutes to be assembled and model B requires 20 minutes. It takes 4 minutes to package model A and 2 minutes to package model B. 3 4 5 6 The company finds that there are no more than 4 hours per day for assembly and 1 hour for packing. If the company makes a $2 profit on each model A sold and a $3 profit on each model B, how many of each model should be made 7 8 per day to maximize the profit? What is the maximum profit per day the company can make? 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
- NO. 5 Jenny Company produces two types of pants: long pants and short pants. The cost of making a pair of short pants and a pair of long pants are RM 75 and RM 95 respectively. In one week, the company must produce at least 150 pants of cach type. The minimum weekly production is 500 pants. The short pants is sold for RM 120 cach and the long pants for RM 150 cach. Using the graphical method, find: a) The number of short pants and long pants to be made in a week in order to minimize the total production cost. b) The profit made at the minimum weekly production cost.Suppose Firm A can manufacture 100 pens and 20 umbrellas with a unit of labor, and Firm B can manufacture 80 pens and 10 umbrellas with a unit of labor. Which one of the following statements is true? Firm A has the comparative advantage in both pen and umbrella production.Firm B has an absolute advantage in umbrella production.Firm A has a comparative advantage only in pen production.Firm B has a comparative advantage in pen production.Neither firm has a comparative advantage in either pen or umbrella production.You are asked to help your boss deciding who is considering whether to make or buy a part fora top most demanding product of the company.Your company can make the component for $40 per unit or buy it for $50 per unit from vendor.If the Company decides to make the component, it will require 4 hours of machine time tomake each part. The company has 2,000 hours of machine time available per month. Shouldthe company make or buy the component? How many max parts company can make?________________________________________________________________
- 54|David is looking to purchase an old church building. He hires an appraiser to help determine the market value of the property. Why would the appraiser most likely value the property using the cost approach? O A church is a specialty building that will most likely not have any comparable properties. It is also not an income producing property, so the best method would be the cost approach. O The income capitalization approach should be used rather than the cost approach. O A church building will have at least three comparable properties to use to help determine the market value. O The church building will most likely have income, which when a capitalization rate is applied will help determine the market value4. A nursery grows and sells rose bushes. To grow the bushes there is a fixed annual cost of $20,000 and an additional production cost of $10 per bush. The bushes sell for $25 each. (a) Write down the cost function. (b) Write down the revenue function. (c) Find the profit function. (d) Find the break even point. (e) How many rose bushes must the nursery sell to make a 20% profit?A company manufactures iron cutting machines. Investment amount made with respect to the machine It is 800 thousand TL. Energy costs will increase by 50 thousand and 6% each year. Personnel expenses 35 thousand and it increases by 15 thousand every year, on the other hand, financing expenses are 100 thousand TL and 20% each year will increase by the rate. Since it is planned to manufacture 250 machines per year, 12 years of life and For this manufacturing with 30% capital cost, the company will calculate how many TL in total for the machines manufactured each year. one has to charge an expense and what will be the expense per unit. Note: Solve according to the annual equivalent cost method.
- 1. The chili company produces three different types of chili sauce. To produce chili one pack requires the following ingredients: Chili type Sambal x Sambal y Sambal z Which is available Onion 8 6 1 48 Tomatoes Chilli 4 1 1 16 6 4 5 40 The profit from each product is that sambal x costs IDR 1,500/pack, sambal y IDR 2,500/pack, and sambal z IDR 900/pack. Determine what is the optimum production so that all resources are properly absorbed and get maximum profit! (Hint: solve with the simplex method)1. A major supermarket chain has decided to sub-contract production of ready-to-eat sandwiches to your production plant. Your plant can make three kinds of sand- wiches, each of which take the following amounts of raw ingredients (measured in grams) to produce: Sandwich | Chicken Cheese Lettuce Tomato Bread 45 15 25 10 13 Chicken Salad Chicken Club Cheese and salad 920 0 20 30 Chicken Salad Chicken Club Cheese and Salad 15 10 20 The total amount of time (measured in minutes) to make one of each sandwich is listed below, together with the price that the supermarket will pay to purchase one of each: Sandwich | Time to Make Price 2.8 4.8 1.3 60 90 60 £1.25 £1.65 £0.95 For the sake of this problem you can treat ingredients used and number of sandwiches made as continuous quantities we could perhaps think of this as the average made per day over a longer period, in which case making 100.43 sandwiches per day would still make sense. (a) Suppose that you have 5000g of chicken, 2500g of…. A 100 cu.m. pit is to be excavated using a hydraulic excavator with a rate of 7.1 cu.m. per hour. The rental price of the hydraulic excavator is P12,600.00 per day. If the excavator is used 8 hours per day, determine the equipment cost to finish the excavation work. 18-21. The material cost of a certain scope of work has a total of P250,500.00. Determine the number of days to finish the work if they are using 3 tools that has a rental price of P760.00 per day each. Use (Labor Cost + Equipment Cost)/Material Cost = 30% Workers Salary per day P1050.00 P650.00 P480.00 P320.00 Project Engineer Foreman 2 Skilled Laborer 3 Laborer