What is the optimum amount to make of each product

Assignment Help Accounting Basics
Reference no: EM132853772

Linear Programming

Problem 1:

LinPro Co. makes 2 products. X and Y

 

X

Y

Selling Price

15

20

Variable Costs

10

12

 

-

-

Contribution Margin

5

8

LinPro has 120 Labour Hours available. LinPro has 100 Machine Hours available

Product X requires 2 Labour Hours and 1 Machine Hour. Product Y requires 1 Labour Hour and 3 Machine Hours.

Required:
What is the optimum amount to make of each product to maximize profit?

Problem 2:

Zanbrow Co. makes 2 products. A and B

 

A

B

Selling Price

81

139

Variable Costs

51

  79

Contribution Margin

30

60

Maximum we can sell is 1000 A and 2000 B.

Zanbrow has 6,000 kg. of material available Zanbrow has 6,000 Labour Hours available.

Product A requires 2 kg. Material and 3 Labour Hours. Product B requires 5 kg. Material and 2 Labour Hours.

Required:
What is the optimum amount to make of each product to maximize profit?

Problem 3:

Power engines make 2 engines Snowmobile and Boat engines

 

Snowmobiles

Boats

Selling Price

$800

$1,000

Variable Costs

 560

   625

Contribution Margin

$240

$   375

Maximum production for Snowmobiles is 300 engines Maximum production for Boats is 110 engines

Assembling:
The company has 600 machine hours available

Snowmobiles require 2 machine hours per engine Boats require 5 machine hours per engine

Testing:
The company has 120 testing hours available

Snowmobiles require 1 testing hour per engine Boats require 0.5 testing hours per engine

Required:
What is the optimum amount to make of each product to maximize profit?

Problem 4:

Linear Programming Problem

Splash Co. makes 2 products, Kneeboards and Skis

 

K

S

Selling Price

180

340

Variable Costs

70

180

Contribution Margin

110

160

Splash has 3,000 Labour Hours available. Splash has 5,000 Machine Hours available

Product K requires 1 Labour Hour and 2 Machine Hours. Product S requires 2 Labour Hours and 3 Machine Hours.

Maximum sales are 2,000 of each product. Minimum production is 50 units of each product.

Required:
What is the optimum amount to make of each product to maximize profit?

Linear Programming Problem

                                            Q       R

Selling Price                           18     40

Variable Costs                       8      20

Contribution Margin              10     20

Quasar has 8,000 Labour Hours available. Quasar has 12,000 Machine Hours available

Product Q requires 0.2 Labour Hours and 0.2 Machine Hours. Product R requires 0.2 Labour Hours and 0.5 Machine Hours.

Maximum sales are 30,000 of each product. Minimum production is 10,000 units of each product.

Required: What is the optimum amount to make of each product to maximize profit?

Attachment:- Linear Programming Exercises.rar

Reference no: EM132853772

Questions Cloud

What is the borrower loan-tovalue ratio : If the borrower purchases a house that is appraised for $346,154, what is the borrower's loan-tovalue ratio (LTV)? How does the bank use this number
How much money will be in the account after the last payment : You plan to buy a house in 6 years. You want to save money for a down payment on the new house. You are able to place $256 every month at the end of the month i
Find the proportion of debt in the? firm capital? structure : a.What is the proportion of debt in the? firm's capital? structure, ?d?? (Round to two decimal? places.)
What is the? after-tax cost of debt for qinetiq? bonds : Qinetiq plc. makes full body scanners for airport security systems.
What is the optimum amount to make of each product : What is the optimum amount to make of each product to maximize profit and What is the optimum amount to make of each product to maximize profit
Calculate brad current ratio-liquidity ratio : Your childhood friend Brad MacDonald has asked you to help him gain control of his personal finances. Single and 30 years old, Brad is employed as a salesperson
How would you use the futures market to hedge your risk : Your analysis shows that the price of oil is likely to go up over the next three months. How would you use the futures market to hedge your risk?
What is the fair value of a futures contract : A stock is currently selling for 120. The stock pays no dividends. The risk free rate is 6%. What is the fair value of a futures contract that matures after 6 m
What is the present value of all relevant dividends : The risk-free rate is 10%. What is the present value of all relevant dividends for a futures contract that expires in 6 months?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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