The most economical process

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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A component can be produced by any of the four processes I, II, III and IV. The fixed cost
and the variable cost for each of the processes are listed below. The most economical process
for producing a batch of 100 pieces is
Process
Fixed cost(in Rs.)
I
20
II
50
III
40
IV
10
Variable cost per piece (in Rs.)
3
1
2
4
Transcribed Image Text:A component can be produced by any of the four processes I, II, III and IV. The fixed cost and the variable cost for each of the processes are listed below. The most economical process for producing a batch of 100 pieces is Process Fixed cost(in Rs.) I 20 II 50 III 40 IV 10 Variable cost per piece (in Rs.) 3 1 2 4
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