35) What is the inventory at the end of the first quarter? A) 725 B) 525 C) 50 D) 75   36) What is the binary constraint at the end of the third quarter? A) 75 B) 200 C) 450 D) 0   37) What is the net production at the end of the first quarter? A) 75 B) 200 C) 450 D) 600  Ple

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 3E
icon
Related questions
Topic Video
Question

35) What is the inventory at the end of the first quarter?

A) 725

B) 525

C) 50

D) 75

 

36) What is the binary constraint at the end of the third quarter?

A) 75

B) 200

C) 450

D) 0

 

37) What is the net production at the end of the first quarter?

A) 75

B) 200

C) 450

D) 600

 Please answer all questions.

Use the table below to answer the following question(s) using the standard Solver.
Below is the spreadsheet for Memphis Designs fixed cost model:
1
Memphis Design Fixed Cost Model
Data
Quarter 1
$10.00
$1.70
Quarter 3
$13.50
$1.70
Quarter 2
5
Production
Cost
$15.00
Inventory
$1.70
8.
Demand
200
450
75
9.
Fixed Cost
S75.00
$75.00
$75.00
10
11 Model
12
13
Quarter 1
Quarter 2
Quarter 3
14 Production
15 Inventory
16 Binary
17
18 Binary constraints
19 Net Production
20
21
Cost
22 Total
2346 67
Transcribed Image Text:Use the table below to answer the following question(s) using the standard Solver. Below is the spreadsheet for Memphis Designs fixed cost model: 1 Memphis Design Fixed Cost Model Data Quarter 1 $10.00 $1.70 Quarter 3 $13.50 $1.70 Quarter 2 5 Production Cost $15.00 Inventory $1.70 8. Demand 200 450 75 9. Fixed Cost S75.00 $75.00 $75.00 10 11 Model 12 13 Quarter 1 Quarter 2 Quarter 3 14 Production 15 Inventory 16 Binary 17 18 Binary constraints 19 Net Production 20 21 Cost 22 Total 2346 67
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Essentials Of Business Analytics
Essentials Of Business Analytics
Statistics
ISBN:
9781285187273
Author:
Camm, Jeff.
Publisher:
Cengage Learning,