Calculate maximize total profit next quarter, Basic Statistics

Assignment Help:

Please show your work to receive credit for this question..

Harkin Electronics is planning its production next quarter for its two product lines, relays and capacitors.  The profit contribution is $250 for a case of relays and $200 for a case of capacitors.  Three resources limit how much of each product the company can produce:  labor, stamping capacity, and testing capacity.  Next quarter 80,000 labor hours will be available; a case of relays requires 200 labor hours and a case of capacitors requires 150.  The stamping machine will be available for 1,200 hours next quarter and a case of relays requires 4 hours on the stamping machine and a case of capacitors requires 2 hours.  Relays require 3 hours of testing per case and capacitors require 5.  The testing machine will be available for 2,000 hours next quarter.

  Answer the following questions:

  • For which resources, would you consider providing additional units?  Why?
  • If you excluded a resource, why did you exclude it?
  • For those resources for which you would add additional units, what is the range on the right-hand side values for the shadow prices to remain valid?

b) Now suppose that there is a requirement that Harkins must produce at least 40% cases of relays.  Resolve below with this additional information.

1)  To maximize total profit next quarter, how many cases of relays and capacitors should Harkin Electronics produce during that period?  If your answer is in fractional units of cases that is acceptable - do not round to whole number of cases.

2)  How much profit will result?


Related Discussions:- Calculate maximize total profit next quarter

Statistic using IBM SPSS, Comment on the sample size, measure of central te...

Comment on the sample size, measure of central tendency, dispersion, kurtosis, and skewness.Use the z -scores in the book (or calculate your own) to provide this response. What doe

Explain the effects of the transactions, Explain the effects of the transac...

Explain the effects of the transactions on Accounting Equation under a Financial Accounting System. Ans. Under the Double Entry System each of the financial transaction bring the

Show appropriate calculations and state the decision rule, Callaway's new d...

Callaway's new driver has been described as illegal because it promises driving distances that exceed USGA standards. Golf Digest conducted a test consisting of nine drives with

Pivot table, The Pivot table is as below: Values ...

The Pivot table is as below: Values Row Labels Sum of ID Sum of Risk Level A 69

Standard costing, Standard costing In contemporary price sales, the idea...

Standard costing In contemporary price sales, the idea of documenting traditional expenditures was taken further, by assigning the organization''s set expenditures over a given

Difference in the mean leadership score for employees - spss, The manager o...

The manager of a large industrial plant is interested in investigating whether age has an effect on the leadership ability of employees. 66 employees were randomly selected, divide

#titlelinear regression.., regression line drawn asY=C+1075x,when x was 2,a...

regression line drawn asY=C+1075x,when x was 2,and y was239,given that y intercept was11.calculate the residual.

Capital outlays, Capital outlays A budgetary, financial reporting term to ...

Capital outlays A budgetary, financial reporting term to end out the expenditures for the acquisition of: addition to:, chief repair of capital assets intended to advantage prospe

Fertility-define the annual crude birth rate, Fertility:  In order to study...

Fertility:  In order to study at which speed, at which the population is increasing, fertility rates are used which are of various types? Important among these are: Crude birth rat

Write Your Message!

Captcha
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