Determine the optimal monthly production of each wax

Assignment Help Financial Accounting
Reference no: EM13486701

Melnick Enterprises manufactures two products, boat wax and car wax, in two departments, the Mixing Department and the Packaging Department. The Mixing Department has 800 production hours per month available, and the Packaging Department has 1,200 hours per month available. Production of the two products cannot exceed 36,000 pounds. Data on the two products follow/;

 

919_table.png

 

Required:

Use Excel to calculate the optimal monthly production mix (per 100 pounds) of Boat Wax and Car Wax that Melnick should produce?  Clearly show the objective function and the mixing constraints for the linear program that Melnick would use to determine the optimal monthly production of each wax.

Reference no: EM13486701

Questions Cloud

What is the ratio of their angular momentum : A solid sphere and a solid disk of the same mass and radius are rolling wihtout slipping at the same speed. What is the ratio of their angular momentum
Find last ant to fall off the rod : Find last ant to fall off the rod - Output a single integer which is the index (lower index in case two ants are falling simultaneously in the end) of the last ant to fall off.
Explain weak acid and its conjugate base : A buffer contains equal amounts of a weak acid and its conjugate base and has a pH of 5.25. Which of the following values would be reasonable to expect for the pH after addition of a small amount of HCl
Find the rotational kinetic energy about its center of mass : A cylinder of mass 14.0 kg rolls without slipping on a horizontal surface. find the rotational kinetic energy about its center of mass
Determine the optimal monthly production of each wax : Clearly show the objective function and the mixing constraints for the linear program that Melnick would use to determine the optimal monthly production of each wax.
Explain a buffer contains equal amounts of a weak acid : A buffer contains equal amounts of a weak acid and its conjugate base and has a pH of 5.25. Which of the following values would be reasonable to expect for the pH after addition of a small amount of HCl. The answer: 5.15
Rationale for and against policy : Rationale for and against policy
Discover the basic concept of electronic rectifiers : Discover the basic concept of electronic rectifiers and build up the basic skill of electronic fault-finding and electronic design. You understand the applications of rectifiers design.
Explain what is the concentration of ha2 : Consider a solution that is 0.10 M in a weak triprotic acid that is represented by the general formula H3A with the following ionization constants. What is the concentration of HA2-? For H3A Ka1=1.0E-3 Ka2= 1.0E-8 Ka3= 1.0E-12

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd