What is the slack time in each department

Assignment Help Finance Basics
Reference no: EM131668825

Question: Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catcher's model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table:

                                                              Production Time (hours)

Model                       Cutting and Sewing        Finishing        Packaging and Shipping         Profit/Glove

Regular model                      1                         1/2                       1/8                              $5

Catcher's model                  1/2                        1/8                       1/4                             $8

Assuming that the company is interested in maximizing the total profit contribution, answer the following:

a. What is the linear programming model for this problem?

b. Develop a spreadsheet model and find the optimal solution using Excel Solver. How many of each model should Kelson manufacture?

c. What is the total profit contribution Kelson can earn with the optimal production quantities?

d. How many hours of production time will be scheduled in each department?

e. What is the slack time in each department?

Reference no: EM131668825

Questions Cloud

Key components of gdp : Investment expenditure is one of the key components of GDP (expenditure method). lack of investors confidence in the recent years is alleged
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Prepare liabilities section of obrians balance sheet : Prepare the liabilities section of O'Brians balance sheet - Present the liabilities section of the partial balance sheet in accordance
What is the slack time in each department : Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catcher's model. The firm has 900 hours of production time available.
What must have been the reason of dis-satisfaction of : a) What must have been the reason of dis-satisfaction of employees regarding this decision? b) Why the reasons employees are resist change in the organization? c) If you were CEO / Chairman of this development bank, what would have been your approach..
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Recommend which of the two sites ccf should choose : a) Recommend which of the two sites CCF should choose for its new meat processingfactory. Justifyyour answer with an analysis of the data in Table 1 and other relevant information. b) Discuss the importance to CCF of corporate social responsibility w..
Write essay on factors that corporate collapse : ACC 80003 Major Assignment. Write down a short essay on the (i) factors that might have contributed to this corporate collapse

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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