Find optimal mix of turntables-cassette to maximize profits

Assignment Help Operation Management
Reference no: EM13964852

Sally Sethness assembles stereo equipment for resale in her shop. She sells two products, turntables and cassette players (this is a really old problem). She makes a profit of $10 on each turntable and $6 on each cassette player. Both products must go through two steps in her shop, assembly and bench checking. A turntable takes 12 hours to assemble and 4 hours to bench check. A cassette player takes 4 hours to assemble but 8 hours to bench check. Looking at this month’s schedule, Sally sees that she has 60 assemble hours available and 40 hours of bench checking available. Sally wishes to find the optimal mix of turntables and cassette to maximize profits.

Reference no: EM13964852

Questions Cloud

If units are in inventory at two different costs enter the : Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Based upon the preceding data, would you expect the i..
Is this because people get older they become more concerned : The average age of people on church committees and those serving food at food banks is considerably above the average age of the population. Is this because as people get older they become more concerned about others?
Ethics in healthcare-theories and principles analyze : Ethics in Healthcare—Theories and Principles Analyze the statements given below based on the topics covered in this week. Using the South University Online Library or the Internet, justify your answers with appropriate research and reasoning on the c..
Find optimal mix of turntables-cassette to maximize profits : Sally Sethness assembles stereo equipment for resale in her shop. She sells two products, turntables and cassette players (this is a really old problem). She makes a profit of $10 on each turntable and $6 on each cassette player. Both products must g..
Relevant revenues and costs refer : Relevant revenues and costs refer to:
Should firms refrain from producing profitable products : Should firms refrain from producing profitable products that are not in target customers best interest, even if some customers want them? Is it profit more important to the firm than customers welfare
Determine the differential cost from the acceptance of offer : A business received an offer from an exporter for 23,135 units of product at $17.00 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. Determine the differential cost from the acceptance of the offer.
Websites-to provide current : Provide current material for class discussion and review. This material must relate to your Course Project subject. To receive full credit for this requirement, submit the In the News during Week 5. The project may draw on items from the online envir..

Reviews

Write a Review

Operation Management Questions & Answers

  The manager of a bistro is considering outsourcing

The manager of a bistro is considering outsourcing

  Production planning of tea boxes for lipdon

Formulate the constraints mathematically independent of each other. All of the constraints should be linear - If you produce Breakfast Teas, you cannot produce Irish Teas.

  Consumer research and branding strategy

What is the consumer research behind the growth of Toyota and the brand strategy they have in place? Discuss the brand strength behind Toyota.

  Expected value of the market research information

What is Gorman's optimal decision strategy? What is the expected value of the market research information? What is the efficiency of the information?

  Characteristics of the american economic system

"Equality, justice, and respect for rights are characteristics of the American economic system." Would you agree or disagree with this statement. Why?

  Explain how has technology fostered new cost effective

Explain how has technology fostered new cost effective virtual methods of training. Discusses explain how shift from labour intensive manufacturing to automation has affected product costing.

  A negative correlation coefficient means

A negative correlation coefficient means that

  How are governmental mega projects procured

1. Why are organizations buying more professional services? 2. How are governmental mega projects procured?

  The globalization of the workforce is a significant trend

the globalization of the workforce is an important trend in many industries and organizations. not only are some

  Introduce the topic of your proposed new health policy

Introduce the topic of your proposed new health policy. Include your problem statement and describe the background behind the problem. Show the reader why this issue is important, the rationale as to why the new policy is needed, and what you intend ..

  Companys requirements for high product quality

You are a procurement manager who has been tasked with setting up a program to improve the ability of your company’s existing suppliers to better meet your company’s requirements for high product quality. What steps would you take to meet this taskin..

  What measures does your department keep track of

What measures does your department keep track of. Are they descriptive or inferential data, and what is the difference between these

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd