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Natural Furniture Company manufactures three outdoor products, benches, chairs, and tables. Every product must pass by the following departments before it is shipped: sanding, sawing, assembly, and painting. The time requirements (in hours) are concise in the tables below.The production time available in every department every week and the minimum weekly production must to fulfill contracts are as follows:
The production manager has the responsibility of specifying production levels for each product for the coming week.
A. Formulate as a problem to maximize profit.
B. The objective function is:
C. What mix of products would yield maximum profit?
D. Summarize your approach to this problem in a 1-2 page paper. What techniques from the course/text did you apply to solve Natural Furniture Company's production output? Explain why you chose that approach.
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a. Conversion cost was 140,000 and was four times the prime cost b. Direct materials used in production equaled 5,000 c. Cost of goods manufactured was 154,000 d. Ending work in pr
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How do you know what goes on an income statement? P.S. This is a basic income statement.
i. To disengage government from economic or business activities in which it has no competence or in areas where the private sector is more competent. ii. To make the enterprises a
The following details are taken from the accounting records of the company as at 30 June 2010: Debit Credit Sales revenue 49,950,000
How do you show bond amortization on a spreadsheet and then in journal entries and compute interest payments?
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