Question

In: Advanced Math

Production Scheduling: New jet, Inc. manufactures inkjet printers and laser printers. The company has the capacity...

Production Scheduling: New jet, Inc. manufactures inkjet printers and laser printers. The company has the capacity to make 70 printers per day, and it has 120 hours of labor per day available. It takes 1 hour to make an inkjet printer and 3 hours to make a laser printer. The profits are $40 per inkjet printer and $60 per laser printer. Find the number of each type of printer that should be made to give maximum profit and find the maximum profit using

  1. SIMPLEX METHOD

Solutions

Expert Solution


Related Solutions

Laser Impressions Inc. manufactures color laser printers. Model J20 presently sells for $425 and has a...
Laser Impressions Inc. manufactures color laser printers. Model J20 presently sells for $425 and has a product cost of $340, as follows: Direct materials $240 Direct labor 60 Factory overhead 40 Total $340 It is estimated that the competitive selling price for color laser printers of this type will drop to $400 next year. Laser Impressions has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic...
Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $375 and has a...
Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $375 and has a total product cost of $300, as follows: Direct materials $220 Direct labor 60 Factory overhead 20 Total $300 It is estimated that the competitive selling price for color laser printers of this type will drop to $360 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas: Purchase...
Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $150 and has a...
Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $150 and has a total product cost of $120, as follows: Direct materials $90 Direct labor 20 Factory overhead 10 Total $120 It is estimated that the competitive selling price for color laser printers of this type will drop to $140 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas: Purchase...
Target Costing Laser Impressions, Inc., manufactures color laser printers. Model J20 presently sells for $175 and...
Target Costing Laser Impressions, Inc., manufactures color laser printers. Model J20 presently sells for $175 and has a total product cost of $140, as follows: Direct materials $100 Direct labor 30 Factory overhead 10 Total $140 It is estimated that the competitive selling price for color laser printers of this type will drop to $170 next year. Laser Impressions has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas:...
Target Costing Laser Impressions, Inc., manufactures color laser printers. Model J20 presently sells for $575 and...
Target Costing Laser Impressions, Inc., manufactures color laser printers. Model J20 presently sells for $575 and has a total product cost of $460, as follows: Direct materials $330 Direct labor 90 Factory overhead 40 Total $460 It is estimated that the competitive selling price for color laser printers of this type will drop to $550 next year. Laser Impressions has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas:...
Target Costing Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $500 and...
Target Costing Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $500 and has a total product cost of $400, as follows: Direct materials $290 Direct labor 80 Factory overhead 30 Total $400 It is estimated that the competitive selling price for color laser printers of this type will drop to $480 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas:...
PrintTech, Inc. is introducing a new line of ink-jet printers and would like to promote the...
PrintTech, Inc. is introducing a new line of ink-jet printers and would like to promote the number of pages a user can expect from a print cartridge. A sample of 10 cartridges revealed the following number of pages printed. (Use t Distribution Table.) 2,983 3,096 2,510 2,559 2,559 2,622 2,537 2,485 3,236 2,758 picture Click here for the Excel Data File What is the point estimate of the population mean? (Round your answer to 2 decimal places.) Develop a 98%...
The manufacturer of a new line of ink-jet printers would like to include as part of...
The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found in the Excel test data file. Numbers are 1924 1518 1641 2358 1305 1272 2207 1580 1958 1069 1207 1453 1940 1331 What are the point estimates for the population mean and population standard deviation? Develop a 95% interval...
The manufacturer of a new line of ink-jet printers would like to include as part of...
The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found in the Excel test data file. What are the point estimates for the population mean and population standard deviation? ____________________________________________________________ Develop a 95% interval for the population mean. ____________________________________________________________ If the point estimate of the population mean and standard...
The manufacturer of a new line of ink-jet printers would like to include as part of...
The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found here 1168 2265 1346 1814 1286 1611 1083 1216 2028 1498 2411 1145 1708 1685 a. what is the point estimate of the population mean and standard deviation? b. develop a 90% interval for the population mean c. if...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT