A manufacturing company produces two products, which has the following information: Characteristic Product 1 Product 2...

A manufacturing company produces two products, which has the following information:

Characteristic	Product 1	Product 2
Profit/unit	$4	$2
Dept. A hours/unit	1	1
Dept. B hours/unit	2	4

Last month’s production schedule used 400 hours of labor in department A and 950 hours of labor in department B.

The management has been experiencing problems during the past six months because of variable monthly department workload amounts.

Management would like to develop a production schedule for the coming month that will achieve the following goals:

Goal 1: Use a maximum of 400 hours of labor in department A.

Goal 2: Use a maximum of 950 hours of labor in department B.

Goal 3: Earn a profit of at least $1600.

Formulate a goal programming model for this problem, assuming that goal 1 is priority 1 and goal 2 is a priority 2 goal. Goal 3 is a priority 3 goal. Make sure your answers are integers.
Solve the model formulated in part (a)

Expert Solution

NOTE: PLEASE UPVOTE THE ANSWER GUYS

keosha answered 2 years ago

Craylon Manufacturing Company produces two products, X and Y. The following information is presented for both...

Craylon Manufacturing Company produces two products, X and Y. The following information is presented for both products. Selling price per unit X: $40 Variable cost per unit X; 25 Selling price per unit Y $25 Variable cost per unit Y $15 Total fixed cost are $275,000. A) Calculate the contribution margin for each product: B) Calculate the breakeven point in units of both X and Y if sales mix is 3 units of X for every Y. C) Calculate breakeven...

Apple company has the following information concerning the 2 products that it sells. Product...

Apple company has the following information concerning the 2 products that it sells. Product 1 Product 2 Sales Price per unit $800 $300 Variable cost per unit $500 $200 The company sells 12 units of Product 2 for each unit of Product 1 that it sells. How many units of Product 2 must it sell to breakeven if fixed costs total $75,000?

A Company produces two products. Relevant information for each product is shown in the Table below....

A Company produces two products. Relevant information for each product is shown in the Table below. The company has a goal of $48 in profits and incurs $1 penalty for each dollar it falls short of this goal. A total of 32 hours of labor are available. A $2 penalty is incurred for each hour of overtime (labor over 32 hours) used, and $1 penalty is incurred for each hour of available labor that is unused. Marketing considerations require at...

The green and red Company manufactures two products, Product 1 and Product 2. Product 2 was...

The green and red Company manufactures two products, Product 1 and Product 2. Product 2 was developed as an attempt to enter a market closely related to that of Product 1. Product 2 is the more complex of the two products, requiring three hours of direct labour time per unit to manufacture compared to one and one-half hours of direct labour time for Product 1. Product 2 is produced on an automated production line. Overhead is currently assigned to the...

1. JOBCO produces two products on two machines. A unit of product 1 requires 2 hours...

1. JOBCO produces two products on two machines. A unit of product 1 requires 2 hours on machine 1 and 1 hour on machine 2. For product 2, a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products 1 and 2 are $30 and $20, respectively. The total daily processing time available for each machine is 8 hours. Letting x1 and x2 represent the daily number of units of products...

JOBCO produces two products on two machines. A unit of product 1 requires 2 hours on...

JOBCO produces two products on two machines. A unit of product 1 requires 2 hours on machine 1 and 1 hour on machine 2. For product 2, a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products 1 and 2 are $30 and $20, respectively. The total daily processing time available for each machine is 8 hours. Letting x1 and x2 represent the daily number of units of products 1...

Twin Products Company produces and sells two products. Product M sells for $12 and has variable...

Twin Products Company produces and sells two products. Product M sells for $12 and has variable costs of $6. Product W sells for $15 and has variable costs of $10. Twin predicted sales of 25,000 units of M and 20,000 of W. Fixed costs are $60,000 per month. Assume that Twin achieved its sales goal of $600,000 for September, but fell short of its expected operating income of $190,000. Which of the following descriptions best describes the actual results reported...

A manufacturing company produces products at three factories designated as numbers 1, 2, and 3. The...

A manufacturing company produces products at three factories designated as numbers 1, 2, and 3. The products are shipped to two demand destinations designated as A and B. For the coming month, production will be: Factory 1 = 3,000 units; Factory 2 = 2,500 units; and Factory 3 = 4,200 units. And for the coming month, demand will be: Destination A = 4,500 units and Destination B = 6,000 units. Which of the following is a correct linear programming constraint...

The Marshall Company has a joint production process that produces two joint products and a by-product....

The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $1,000 disposal cost for the by-product. A summary of a recent month’s activity at Marshall is shown below: Ying Yang Bit...

Lindstrom Company produces two fountain pen models. Information about its products follows: Product A Product B...

Lindstrom Company produces two fountain pen models. Information about its products follows: Product A Product B Sales revenue $ 120,000 $ 125,000 Less: Variable costs 60,000 66,000 Contribution margin $ 60,000 $ 59,000 Total units sold 7,000 7,000 Lindstrom’s fixed costs total $84,500. Required: 1. Determine Lindstrom’s weighted-average unit contribution margin and weighted-average contribution margin ratio. (Round your weighted-average CM to 2 decimal places and your CM ratio to 1 decimal place (i.e. .123 should be entered as 12.3%)). 2....

Question