What is the slack time in each department

Assignment Help Finance Basics
Reference no: EM131668825

Question: Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catcher's model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table:

                                                              Production Time (hours)

Model                       Cutting and Sewing        Finishing        Packaging and Shipping         Profit/Glove

Regular model                      1                         1/2                       1/8                              $5

Catcher's model                  1/2                        1/8                       1/4                             $8

Assuming that the company is interested in maximizing the total profit contribution, answer the following:

a. What is the linear programming model for this problem?

b. Develop a spreadsheet model and find the optimal solution using Excel Solver. How many of each model should Kelson manufacture?

c. What is the total profit contribution Kelson can earn with the optimal production quantities?

d. How many hours of production time will be scheduled in each department?

e. What is the slack time in each department?

Reference no: EM131668825

Questions Cloud

Key components of gdp : Investment expenditure is one of the key components of GDP (expenditure method). lack of investors confidence in the recent years is alleged
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Prepare liabilities section of obrians balance sheet : Prepare the liabilities section of O'Brians balance sheet - Present the liabilities section of the partial balance sheet in accordance
What is the slack time in each department : Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catcher's model. The firm has 900 hours of production time available.
What must have been the reason of dis-satisfaction of : a) What must have been the reason of dis-satisfaction of employees regarding this decision? b) Why the reasons employees are resist change in the organization? c) If you were CEO / Chairman of this development bank, what would have been your approach..
Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?
Recommend which of the two sites ccf should choose : a) Recommend which of the two sites CCF should choose for its new meat processingfactory. Justifyyour answer with an analysis of the data in Table 1 and other relevant information. b) Discuss the importance to CCF of corporate social responsibility w..
Write essay on factors that corporate collapse : ACC 80003 Major Assignment. Write down a short essay on the (i) factors that might have contributed to this corporate collapse

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the yield to maturity

Various calculated Bond Yields are listed as Answer along with name of each type of yield as questions. Your task is to match the appropriate Answer with Question.

  How does a cost-efficient capital market help reduce the

how does a cost-efficient capital market help reduce the prices of goods and

  Construct the clinics projected p and l statement

Construct the clinic's projected P&L statement and what number of visits is required to break even?

  Relationships among coupon rate

Derive the relationships among coupon rate, current yield, and yield to maturity for bonds selling at discount from par, at par, and at premium over par. (You may assume that the bonds have one year to maturity).

  Cost of various types of financing

What factors affect the availability, suitability, and cost of various types of financing? Why are these factors critical?

  What are the firm major strengths and weaknesses

Use the extended DuPont equation to provide a summary and overview of company's financial condition projected for 2014. What are the firm's major strengths and weaknesses

  Should the company replace the old machine

Dauten's marginal federal-plus-state tax rate is 40%, and its WACC is 15%. Should the company replace the old machine?

  How much total interest is paid over the life of the loan

How much interest is paid in the third year? How much total interest is paid over the life of the loan?

  Optimal leverage ratio under new tax regime

Should the amount of leverage used by French companies increase or decrease? What is the optimal leverage ratio under new tax regime?

  What is the actual rate being charged on these loans

The pawn shop loans money at an annual rate of 23 percent and compound interest weekly. What is the actual rate being charged on these loans? Suppose there are 365 days in a year and 7 days in a week and round the compounding frequency to the near..

  Emmas adjusted gross income is 30000 she has 2200 in

emmas adjusted gross income is 30000. she has 2200 in unreimbursed medical expenses. how much in medical expenses can

  What is the project pv

A project produces a cash flow of $517 in year 1, $222 in year 2, and $882 in year 3. If the cost of capital is 14.5%, what is the project's PV?

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