gear produce chine. Two processes, casting and forging, are possible for manufacturing, and the parameters of each process are as follows Casting Forging Production rate 80 gears per hour Daily production time 10 hours per day (20% 40 gears per hour 16 hour per day Percent of parts 10% rejected based on visual inspection Assume that the daily demand for gears allowe all defect-free gears to be sold. Additionally tested or rejected gears cannot be sold. Find the process that maximizes profit per day if mach part is made from $5 worth of material and can be old for$70) Both processes are fully automated, and rariable overhead cost is charged at the rate of $90 per our.
gear produce chine. Two processes, casting and forging, are possible for manufacturing, and the parameters of each process are as follows Casting Forging Production rate 80 gears per hour Daily production time 10 hours per day (20% 40 gears per hour 16 hour per day Percent of parts 10% rejected based on visual inspection Assume that the daily demand for gears allowe all defect-free gears to be sold. Additionally tested or rejected gears cannot be sold. Find the process that maximizes profit per day if mach part is made from $5 worth of material and can be old for$70) Both processes are fully automated, and rariable overhead cost is charged at the rate of $90 per our.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 10E
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