Calculate maximize total profit next quarter, Basic Statistics

Please show your work to receive credit for this question..

Harkin Electronics is planning its production next quarter for its two product lines, relays and capacitors.  The profit contribution is $250 for a case of relays and $200 for a case of capacitors.  Three resources limit how much of each product the company can produce:  labor, stamping capacity, and testing capacity.  Next quarter 80,000 labor hours will be available; a case of relays requires 200 labor hours and a case of capacitors requires 150.  The stamping machine will be available for 1,200 hours next quarter and a case of relays requires 4 hours on the stamping machine and a case of capacitors requires 2 hours.  Relays require 3 hours of testing per case and capacitors require 5.  The testing machine will be available for 2,000 hours next quarter.

  Answer the following questions:

  • For which resources, would you consider providing additional units?  Why?
  • If you excluded a resource, why did you exclude it?
  • For those resources for which you would add additional units, what is the range on the right-hand side values for the shadow prices to remain valid?

b) Now suppose that there is a requirement that Harkins must produce at least 40% cases of relays.  Resolve below with this additional information.

1)  To maximize total profit next quarter, how many cases of relays and capacitors should Harkin Electronics produce during that period?  If your answer is in fractional units of cases that is acceptable - do not round to whole number of cases.

2)  How much profit will result?

Posted Date: 4/6/2013 6:09:29 AM | Location : United States







Related Discussions:- Calculate maximize total profit next quarter, Assignment Help, Ask Question on Calculate maximize total profit next quarter, Get Answer, Expert's Help, Calculate maximize total profit next quarter Discussions

Write discussion on Calculate maximize total profit next quarter
Your posts are moderated
Related Questions
Twenty years ago, entering male high school students of Central High could do an average of 24 pushups in 60 seconds. To see whether this remains true today, a random sample of 36

what is an exclusive probability

_______ 1. F''s share of income from various sources is as follows for the current year: Source F''s Share of Entity''s Net Income F''s Share of Distributions ABC Partnership after

Q1.(i)   A manufacturing firm has previously sequenced its jobs using the "Shortest Operation Time" (SOT) rule.  This has resulted in poor delivery performance with many jobs being

For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast

if you tossed coin 6 times what is probability of getting more than 3 head?

what does it mean by sales less of goods sold and cost less of goods sold

The unfortunately-named (and fictitious) town of Avalanche, Utah maintains a vibrant and growing ski industry.  As Director of Avalanche's search-and-rescue operations, you are alw

Co-relation: Co-relation in this case studies the behavior how each of the investment opportunity would react to any event vis – a vis each other. The same is measured in terms of

Can you provide me a study guide for accounting please? Can you give me picture examples & instructions on how to do things that are really easy to understand? I need this for doin