The Pleading Painters’ Group sells artwork at wholesale prices to office building decorators. Each original painting...

The Pleading Painters’ Group sells artwork at wholesale prices to office building decorators. Each original painting is delivered in a wooden frame. There are two kinds of frames: the basic frame requires 15 minutes to precut, 10 minutes to assemble, and 5 minutes to paint. It uses 8 board feet and costs $8 to make. The deluxe frame takes 20 minutes to precut, 10 minutes to assemble, and 15 minutes to paint. It requires 12 board feet and costs $16 to make. The Group has contractual obligations over the next week to use at least the following amounts of resources: precutting time of 20 hours; assembly time of 12 hours; painting time of 12 hours; and at most 1,000 board feet of framing wood. They have an order already in hand that will require at least 40 deluxe frames and 20 basic frames.

Determine how many of each type of frame should be manufactured to minimize total manufacturing cost.

Expert Solution

First we will check if minimum requirement of units are fulfilled in given no. Of hours/minutes and then we will analyze least no. Of units that could be made from remaining extra minutes left after fulfilling basic requirement. The same is done in solution.
hope this helps:)

ekkarill92 answered 1 year ago

TM Office Supplies, Inc., is a wholesale distributor of office supplies. It sells pencils and pens,...

TM Office Supplies, Inc., is a wholesale distributor of office supplies. It sells pencils and pens, paper goods (including computer paper and forms), staplers, calendars, and other items, excluding furniture and other major items such as copy machines that you would expect to find in an office. Sales have been growing at 5 percent per year during the past several years. Mr. Marina, the president of TM Office Supplies, recently attended a national office supplies convention. In conversations during that...

Taxpayer T owns an office building worth $950,000, encumbered by a mortgage of $710,000. His original...

Taxpayer T owns an office building worth $950,000, encumbered by a mortgage of $710,000. His original cost was $830,000, and he has taken depreciation deductions of $185,000 on the building. T wants to exchange his building for another office building worth $800,000. He will assume the existing mortgage of $580,000 on the new building. (This is a practice problem for an exam, please show work so I can understand the problem and how to get the correct answer.) As stated,...

J Ltd.’s office building was destroyed by fire in the current year. Building’s original cost was...

J Ltd.’s office building was destroyed by fire in the current year. Building’s original cost was $220,000 and the class 1 UCC balance at the beginning of the year was $180,000. The building was insured for its market value of $270,000. A new building costing $280,000 was constructed 18 months after the fire. What is the minimum recapture of CCA for tax purposes in the current year?

Oliver Owner wishes to build an office building. Oliver hired Original Architect, Inc. to create the...

Oliver Owner wishes to build an office building. Oliver hired Original Architect, Inc. to create the design. Over several months, Original Architect, Inc. gave Oliver several drafts of increasing detail. Uninspired by what he saw, Oliver terminated its contract with Original Architect, Inc. and hired Replacement Architect, Inc. in its place. Oliver gave Replacement Architect, Inc. the last drawing Oliver had received from Original Architect, Inc. Replacement Architect, Inc. used this last drawing to create its own final design. Oliver...

An office building in your community has fifty offices, each with an average of four desks....

An office building in your community has fifty offices, each with an average of four desks. Each desk has a desk lamp that can use either a 60 watt incandescent bulb or a 13 watt fluorescent unit. The average use of a lamp is seven hours per day. How much power is required for the building per year for each of the two options? Given your local energy cost, what is the annual cost of each of the two options?...

YOUR OWN original study idea. I want each individual group member to come up with their...

YOUR OWN original study idea. I want each individual group member to come up with their own original study idea. You’ll turn in this original idea with your final assignment. Original Study Idea Null hypothesis Alternative hypothesis IVs DVs Best test to use Results Write-Up

Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans...

Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans has a selling price of $30 with $20 in variable costs of goods sold. The company has fixed manufacturing costs of $1,150,000 and fixed marketing costs of $250,000. Sales commissions are paid to the wholesale sales reps at 10% of revenues. The company has an income tax rate of 25% 1. How many jeans must Just for Kids Just for Kids sell in order...

TJ’s Cheese Cake Factory, Inc. sells original cheese cake for $16 each. The company provided the...

TJ’s Cheese Cake Factory, Inc. sells original cheese cake for $16 each. The company provided the following units and total cost data concerning its cake sales for each month during 2011: Cost Units January 55000 2500 February 59000 2800 March 60000 3000 April 64000 4200 May 67000 4500 June 71000 5500 July 74000 6500 August 77000 7500 September 75000 7000 October 68000 4500 November 62000 3100 December 73000 6500 a. Use the linear regression method to estimate fixed and variable...

A monopolist sells in two states and practices price discrimination by charging different prices in each...

A monopolist sells in two states and practices price discrimination by charging different prices in each state. The monopolist produces at constant marginal cost MC = 10, Demand in market 1 is Q1 = 50-P1. Market 2 demand is Q2 = 90-5P2. What price will be charge in each market? Find elasticities of demand for each market. Suppose a third party enters the market, no as a producer but as a reseller, capable of reselling by transporting the goods from...

The property you are appraising is a five-story office building. Each floor has 10,000 square feet...

The property you are appraising is a five-story office building. Each floor has 10,000 square feet of rentable space and is suitable for single occupancy. Two tenants have leases. Floor 3 is occupied under a five-year lease with three years remaining. The current rental is $128,600 per year. Floor 4 is occupied under a new five-year lease and the rent is $150,000 per year. Floors 1, 2, and 5 are vacant. The rent being paid for the fourth floor is...

Question