Question

In: Math

the total cost required to produce x units of electrical tape and Y units of packing...

the total cost required to produce x units of electrical tape and Y units of packing tape and y units of packing tape is given by C(x,y)=2x^2+3y^2-2xy+2x-126y+3800

find the number of units of each kind of tape that should be produced so that the total cost is a minimum. Find the minimum total cost.

Solutions

Expert Solution


Related Solutions

Three materials X, Y, and Z are required to produce two products A and B. The...
Three materials X, Y, and Z are required to produce two products A and B. The profit function of each product is nonlinear. The total profit function for Product A is 80A - A2 and the total profit function for Product B is 72B - 0.8B2. Thus, the total profit for producing A and B together is 80A - A2 + 72B - 0.8B2. (These two profit functions are independent.) a. Use the Nonlinear Solver (GRG Nonlinear) to solve the...
Medical Tape makes two products: Generic and Label. It estimates it will produce 359,259 units of...
Medical Tape makes two products: Generic and Label. It estimates it will produce 359,259 units of Generic and 603,571 of Label, and the overhead for each of its cost pools is as follows: Cost Pool Estimated Overhead Material Receipts $130,500 Machine Setups 200,000 Assembly 585,000 Inspection 330,000 Total $1,245,500 It has also estimated the activities for each cost driver as follows: Driver Generic Label Inspections 450 650 Requisitions 500 950 Parts 250 400 Setups 200 300 How much is the...
find the cost needed for units X of toilet paper and units y of glass cleaner...
find the cost needed for units X of toilet paper and units y of glass cleaner which is used with the formulas below. T(x,y)= 3/2(x^2)+y^2-7x-4y-4xy+122 then find the local min/max point. find the value of T at that point.
A produce distributor uses 787 packing crates a month, which it purchases at a cost of...
A produce distributor uses 787 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 36 percent of the purchase price per crate. Ordering costs are $28. Currently, the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Savings...
1. Quiz Company incurred costs of $225,000 to produce 50,000 units. The total cost included fixed...
1. Quiz Company incurred costs of $225,000 to produce 50,000 units. The total cost included fixed costs of $100,000. Determine the total cost to produce 80,000 units. Note: Give your answer using dollar signs and commas but no decimal points (cents). 2. Quiz Company derived the following cost formula for the monthly production of its product. Cost = $5.50 x Number of units + $25,000 Determine the total cost to produce 10,000 units. 3. Quiz Company derived the following cost...
MajorCables manufactures electrical and electronic components. The company expects to produce 4000 units of coaxial connectors...
MajorCables manufactures electrical and electronic components. The company expects to produce 4000 units of coaxial connectors each month. Budgeted costs are as follows: direct material RM28,000, direct labour RM20,000, variable overhead RM40,000 and fixed overhead RM3000. Actual production for the month of December is 4100 units. Actual costs incurred for December are as follows: direct material RM28,290, direct labour RM22,000, variable overhead RM44,000 and fixed overhead RM,3000. Required: Prepare a flexible budget showing comparisons with actual costs and variances.
Murphy was consuming 100 units of X and 50 units of Y . Theprice of...
Murphy was consuming 100 units of X and 50 units of Y . The price of X rose from $2 to $3. The price of Y remained at $4.(a) How much would Murphyís income have to rise so that he can still exactly a§ord 100 units of X and 50 units of Y ? Assume that Murphy spends all of his income on X and Y .(b) Now say that Murphyís income falls to $300. If the price of Y...
A department in the facility required 12,250 units of raw materials to produce a TV. The...
A department in the facility required 12,250 units of raw materials to produce a TV. The company is deciding wither to buy or make raw materials. The fixed and variable cost of building (manufacturing) the raw materials are $20,000 and $5, respectively. Also, the fixed and variable costs for buying the raw materials are $400 and $7, respectively. Use the breakeven analysis methods to decide if the company has to purchase or manufacture the raw materials. Non of the above...
 Estimate a Total Benefit and Total Cost formula for your product. In Excel, produce a...
 Estimate a Total Benefit and Total Cost formula for your product. In Excel, produce a chart that shows both functions with 50 data points (i.e. A=1…50). You decide what is A in your case (i.e. number of workers, hours of labor, etc. This is important because is going to determine your costs and profit).
A company manufactures x units of Product A and y units of Product B, on two...
A company manufactures x units of Product A and y units of Product B, on two machines, I and II. It has been determined that the company will realize a profit of $2/unit of Product A and a profit of $4/unit of Product B. To manufacture a unit of Product A requires 6 min on Machine I and 5 min on Machine II. To manufacture a unit of Product B requires 9 min on Machine I and 4 min on...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT