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Quickbooks Online Accounting

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 3.6C

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Question

Answer the following questions using the Answer Report and the Sensitivity Report Below. Support your answers with explanations and the work showed.

You run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced.

Here are the Questions Below That Needs To Be Answered

1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)

2.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?

ANSWER REPORT
Objective Cell (Max)
Original
Cell
Name
Value
Final Value
$F$5 Profit
4478.57
Variable Cells
Original
Cell
Name
Value
Final Value
Integer
$B$3
Clocks
178.57 Contin
$¢$3
Radios
O Contin
$D$3
Toasters
150 Contin
Constraints
Cell
Name
Cell Value
Formula
Status
Slack
SEST Budget Used
2000 ŞE$7<=$F$7
Binding
Not
$E$8
Labor Used
657.14 ŞE$8<=$F$8
Binding
2.86
Not
ŞE$9
Clocks Demand Used
178.57 SE$9<=$F$9
Binding
21.43
$E$10 Radios Demand Used
SE$11 Toasters Demand Used
Not
O SE$10<=$F$10 Binding
150 ŞE$11<-$F$11 Binding
300
SENSITIVITY REPORT
Variable Cells
Final
Reduced
Objective
Allowable
Allowable
Cell
Name
Value
Cost
Coefficient
Increase
Decrease
$B$3
Clocks
178.57
15
1.8
1
$C$3
Radios
-1.43
20
1.43
1E+30
$D$3
Toasters
150
12
1E+30
1.29
Constraints
Final
Shadow
Constraint
Allowable
Allowable
Cell
Name
Value
Price
RH. Side
Increase
Decrease
ŞE$7 Budget Used
2000
2.14
2000
1250
10
SE$8
Labor Used
657.14
660
1E+30
2.86
$E$9
Clocks Demand Used
178.57
200
1E+30
21.43
$E$10 Radios Demand Used
300
1E+30
300
SE$11 Toasters Demand Used
150
1.29
150
5
30

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