What is the linear programming model for this problem

Assignment Help Managerial Accounting
Reference no: EM133139134

Question - Scooter City produces their own value scooters for adults to use as an economical means to commute around the city. The low budget scooter is called EagleAir and the upgraded model is the TurboTrax. The manufacturing process for these scooters require frame construction, electronic assembly, and customization & detailing. The time requirements for each model is provided in the table:


EagleAir Model

TurboTrax Model

Minutes Available

Frame Construction

15

20

3800

Electronic Assembly

10

8

4400

Customization & Detailing

25

40

6400

?The profit for the EagleAir model is $170 each and the profit for the TurboTrax model is $260 each.

Required -

a. What is the linear programming model for this problem? (Refer to formulation from M2: Quiz)

b. Find the optimal solution using Excel Solver.

c. Will there be excess capacity (minutes) in any area (eg. slack)?

Reference no: EM133139134

Questions Cloud

Record the entries in journal form for the purchases : At year end on December 31, 2019, Quaker Oats was trading at $40 per share, and EG&G was trading at $18 per share. Record the entries in journal form
What is the payback period for the proposed investment : The project is expected to produce after-tax cash flows of $60,000 the first year, What is the payback period for the proposed investment
What is dave profit on his short selling investment : This stock was returned to the brokerage firm in replace of the stock he first borrowed. What is Dave's profit on his short selling investment
Adjustment procedure for marketable equity securities : Briefly describes the flow of cash among receivables, cash, and marketable securities. Explain fair value adjustment procedure for marketable equity securities
What is the linear programming model for this problem : The manufacturing process for these scooters require frame construction, electronic assembly, and customization & detailing. What is linear programming model
Huge difference between management and leadership : Explain the concept of Contingency Management and do you agree or disagree with this theory? Huge difference between Management and Leadership,
Compute variable cost per unit : Mainland Company has a contribution margin ratio of 45 percent and must sell 25.000 units at a price of $80 each. Compute variable cost per unit
Canada truth and reconciliation commission : Since the beginning of Canada's Truth and Reconciliation Commission in 2009, several films have been made about the Indian residential schools (IRS) that were r
What is the total of equivalent units of production : If a firm started 700 units, and had 800 equivalent units of beginning work in process, what is the total of equivalent units of production

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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