Question
In: Accounting
From the information provided here in respect of an engineering firm present statements of product mix...
- From the information provided here in respect of an engineering firm present statements of product mix which will yield the highest profit to the firm.
Products A B C
Raw materials per unit (Kg) 10 6 15
Labour hours per unit @ $ 1 per hour 15 25 20
Selling price per ($) 125 100 200
Maximum production (units) 6,000 4,000 3,000
100,000kgs of raw material are available at $ 10 per kg. Maximum production hours are 184,000 with a possibility for a further 15,000 hours in overtime basis at twice the normal wage rate.
(b) Would recommend overtime?
Solutions
Expert Solution
| Products | A | B | C | Raw material available | 100,000 | |
| Selling price per ($) | 125 | 100 | 200 | Maximum production hours | 184000 | |
| Raw material per unit | 10 | 6 | 15 | Overtime hours available | 15000 | |
| Labour hours per unit@ $ 1 per hour | 15 | 25 | 20 | |||
| Contribution per unit | 100 | 69 | 165 | |||
| Labour hours per unit ( labour cost/per hour cost) | 15 | 25 | 20 | |||
| Contribution per labour hour | 6.666667 | 2.76 | 8.25 | |||
| Ranking | 2 | 3 | 1 | |||
| Maximum production | 6000 | 4000 | 3000 | |||
| Raw material required | 60000 | 24000 | 45000 | |||
| Production units to be produced | 5500 | Nil | 3000 | |||
| Labour hours required to produce units | 82500 | 60000 | 142500 | |||
| As raw material is the bottle neck and only 3000 units of product C and 5500 units of Product A is to be produced. | ||||||
| Still surplus labour hours available as total labour hours required is only 142500 and available hours are 184,000. | ||||||
| Hence overtime shall not be accepted. | ||||||
ekkarill92 answered 1 year agoRelated Solutions
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60% to 55%. Estimate the modulus of the reduced fibre volume
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E1
(GPa)
E2
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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2019
2018
Assets
Cash and equivalents
$ 15,000
$ 11,000
Accounts receivable
25,000
20,000
Inventories
22,945
19,000
Total current assets
$ 62,945
$ 50,000
Net plant and equipment
50,000
47,000
Total assets
$112,945
$97,000
Liabilities and Equity
Accounts payable
$ 10,600
$ 8,500
Accruals
7,900
6,000
Notes payable
6,200
5,450
Total current liabilities
$ 24,700
$ 19,950
Long-term bonds
15,000
15,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2019
2018
Assets
Cash and equivalents
$ 13,000
$ 11,000
Accounts receivable
35,000
30,000
Inventories
30,625
28,000
Total current assets
$ 78,625
$ 69,000
Net plant and equipment
51,000
46,000
Total assets
$129,625
$115,000
Liabilities and Equity
Accounts payable
$ 10,700
$ 8,000
Accruals
7,500
5,000
Notes payable
6,200
5,150
Total current liabilities
$ 24,400
$ 18,150
Long-term bonds
10,000
10,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2019
2018
Assets
Cash and equivalents
$ 13,000
$ 11,000
Accounts receivable
25,000
20,000
Inventories
24,685
17,000
Total current assets
$ 62,685
$ 48,000
Net plant and equipment
49,000
47,000
Total assets
$111,685
$95,000
Liabilities and Equity
Accounts payable
$ 10,500
$ 9,500
Accruals
7,600
5,000
Notes payable
6,900
5,450
Total current liabilities
$ 25,000
$ 19,950
Long-term bonds
15,000
15,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2018
2017
Assets
Cash and equivalents
$ 13,000
$ 12,000
Accounts receivable
30,000
25,000
Inventories
27,115
24,000
Total current assets
$ 70,115
$ 61,000
Net plant and equipment
52,000
48,000
Total assets
$122,115
$109,000
Liabilities and Equity
Accounts payable
$ 10,400
$ 9,000
Accruals
8,000
7,000
Notes payable
6,900
5,450
Total current liabilities
$ 25,300
$ 21,450
Long-term bonds
10,000
10,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2019
2018
Assets
Cash and equivalents
$ 13,000
$ 11,000
Accounts receivable
35,000
25,000
Inventories
33,205
24,000
Total current assets
$ 81,205
$ 60,000
Net plant and equipment
54,000
49,000
Total assets
$135,205
$109,000
Liabilities and Equity
Accounts payable
$ 10,100
$ 8,000
Accruals
7,200
7,000
Notes payable
6,600
5,250
Total current liabilities
$ 23,900
$ 20,250
Long-term bonds
15,000
15,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2019
2018
Assets
Cash and equivalents
$ 13,000
$ 12,000
Accounts receivable
30,000
20,000
Inventories
28,650
18,000
Total current assets
$ 71,650
$ 50,000
Net plant and equipment
49,000
45,000
Total assets
$120,650
$95,000
Liabilities and Equity
Accounts payable
$ 10,700
$ 8,500
Accruals
7,700
7,000
Notes payable
6,700
5,050
Total current liabilities
$ 25,100
$ 20,550
Long-term bonds
20,000
20,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here.
Balance Sheets as of December
31
2016
2015
Assets
Cash and equivalents
$ 14,000
$ 13,000
Accounts receivable
35,000
30,000
Inventories
34,660
27,000
Total current assets
$ 83,660
$ 70,000
Net plant and equipment
50,000
49,000
Total assets
$133,660
$119,000
Liabilities and Equity
Accounts payable
$ 10,700
$ 9,000
Accruals
7,100
5,000
Notes payable
6,200
5,400
Total current liabilities
$ 24,000
$ 19,400
Long-term bonds
20,000
20,000
Total liabilities
$...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares
are in millions) are provided here. Balance Sheets as of December
31 2016 2015 Assets Cash and equivalents $ 13,000 $ 11,000 Accounts
receivable 35,000 30,000 Inventories 32,880 28,000 Total current
assets $ 80,880 $ 69,000 Net plant and equipment 51,000 48,000
Total assets $131,880 $117,000 Liabilities and Equity Accounts
payable $ 10,600 $ 8,000 Accruals 7,200 6,000 Notes payable 6,200
5,400 Total current liabilities $ 24,000 $ 19,400 Long-term bonds
15,000 15,000...
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