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- Lisa makes two sorts of jewelry- Type A and Type B. Type A requires 90 minutes of curving and 1hours of assembly time. On the other hand, Type B requires 45 minutes of curving and 2 hours of assembly time. Lisa can sell Type A for $12 and Type B for $55. Given that Lisa has only 1000 hours of curving 500 hours of assembly time. How many of each type of Jewelry Lisa should make to maximize revenue? Keep in mind that Type A jewelry has to be at least twice the number of Type B jewelry. (Possible Answer: $9875) (Suggestion: Convert all the hours to minutes so that you do not end up mixing hours and minutes) CAN YOU DO THIS QUESTION IN THIS TEMPLATE ? Data Curving Assembly Price A 1.5 1 $ 12.00 B 0.75 2 $ 55.00 Model Decision Variables A 0 X B 0 Y…Imagine you produce baseball caps for local colleges. The selling price is $12/hat regardless of the customer. West Chester University and Millersville University both want hats tomorrow. That leaves you with 24 hours of manufacturing time. You cannot fill both orders in 24 hours. Therefore, you need to choose one. Consider this information: Millersville West Chester Selling price per hat 12 12 Variable Cost per hat 5 6 Production minutes per hat 4 3 Using information from this chapter pertaining to maximizing constrained resources, describe which product you would produce and explain your rationale.A manufacturer has a steady annual demand for 38400 cases of sugar. It costs $10 to store 1 case for 1 year, 30$ in set up cost to produce each batch, and $17 to produce each case. Find the number of cases per batch that should be produced to minimize cost. How many cases shoulder the manifacturer produce per batch?
- Work−in−Process Inventory has a debit balance of $84,000 and Manufacturing Overhead has a credit balance of $10,000. If an additional $54,000 of direct labor and $1,000 of indirect labor are incurred during production, what is the balance of Work−in−Process Inventory? A. $30,000 B. $9,000 C. $138,000 D.Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). Formulate a mixed-integer linear program that takes setup costs provided in part (c) into account. Management also stated that we should not consider making more than 175 units of product 1, 150 units of product 2, or 140 units of product 3. What are the new objective function and additional equation constraints? If the constant is "1" it must be entered in the box. Let Yi is one if any quantity of product i is produced and zero otherwise. Max $ P1 + $ P2 + $ P3 - $ Y1 - $ Y2 - $ Y3 s.t. P1 Y1 P2 Y2 P3 Y3 P1, P2, P3 ≥ 0 (e) Solve the mixed-integer linear program formulated in part (d). How much of each product should be produced and what is the projected total profit contribution? Compare this profit contribution to…Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). Formulate a mixed-integer linear program that takes setup costs provided in part (c) into account. Management also stated that we should not consider making more than 175 units of product 1, 150 units of product 2, or 140 units of product 3. What are the new objective function and additional equation constraints? If the constant is "1" it must be entered in the box. Let Yi is one if any quantity of product i is produced and zero otherwise. Max $ P1 + $ P2 + $ P3 - $ Y1 - $ Y2 - $ Y3 s.t. P1 Y1 P2 Y2 P3 Y3 P1, P2, P3 ≥ 0 and integer (e) Solve the mixed-integer linear program formulated in part (d). How much of each product should be produced and what is the projected total profit contribution? Compare this profit contribution…
- A company produces two products: A and B. Prod-uct A sells for $11 per unit and product B sells for $23 per unit. Producing a unit of product A requires two hours on assembly line 1 and one unit of raw ma-terial. Producing a unit of product B requires two units of raw material, one unit of A, and two hours on as-sembly line 2. On line 1, 1300 hours of time are avail-able, and 500 hours are available on line 2. A unit of raw material can be bought (for $5 a unit) or produced(at no cost) by using two hours of time on line 1.a. Determine how to maximize profit.b. The company will stop buying raw material whenthe price of raw material exceeds what value? (UseSolverTable.)Bateman Company produces helmets for drivers of motorcycles. Helmets are produced in batches according to model and size. Although the setup and production time vary for each model, the smallest lead time is six days. The most popular model, Model HA2, takes two days for setup, and the production rate is 1,125 units per day. The expected annual demand for the model is 54,000 units. Demand for the model, however, can reach 67,500 units. The cost of carrying one HA2 helmet is $3 per unit. The setup cost is $9,000. Bateman chooses its batch size based on the economic order quantity criterion. Expected annual demand is used to compute the EOQ. Recently, Bateman has encountered some stiff competition—especially from foreign sources. Some of the foreign competitors have been able to produce and deliver the helmets to retailers in half the time it takes Bateman to produce. For example, a large retailer recently requested a delivery of 18,000 Model HA2 helmets with the stipulation that the…ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold for the year must equal: Numeric Response:??????????????????
- The Woody Company manufactures slippers and sells them at $10 a pair. Variable manufacturing costs are $4.50 a pair, and allocated fixed manufacturing costs are $1.50 a pair. It has enough idle capacity available to accept a one-time-only special order of 20,000 pairs of slippers at $6 a pair. Woody will not incur any marketing costs as a result of the special order. What would the effect on operating income be if the special order could be accepted without affecting normal sales? (a) $0, (b) $30,000 increase, (c) $90,000 increase, (d) $120,000 increaseA liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs $16, plus a fixed charge of $112 per order. If it costs $14 to store a bottle for a year, how many bottles should be ordered at a time and how many orders should the warehouse place in a year to minimize inventory costs? find bottles per order........ orders per year.......a chain saw requires 4 hours of assembly and wood chipper 3 hours.A maximum of 36 hours of assembly time is available.The profit is $150 on a chain saw and 220 on a chipper.How many of each should be assembled for maximum profit?