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
Depreciation on the company''s equipment for 2011 is computed to be $16,000.


A retail store has recently hired you as a consultant to advise on economic conditions. One important indicator that the retail store is concerned about is the unemployment rate.

Explain how you would decide whether to use the additive model or the multiplicative model to analyse a time series.

Vital statistics may be interpreted in two ways-in a broader sense it refers to all types of population statistics by whatever mode collected while in a narrower sense it refers o

customer behaviour in accounting felid of study

can we polarize sunlight by the help of Polaroid disc?

SkyyMarley Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50.  Based on their expectations of prof

How will the adoption of IFRS change financial reporting by companies? Manager 1: The new rules will definitely change the way our organization prepares financial statements.

When are expenses credited? While common journal cost records are typically debited and have debit account balances, there are times when the cost records are acknowledged.