Question
In: Operations Management
Question 2 Unsaved Jungle Figures, Inc. produces two models of its stuffed giraffes, which it markets...
Question 2 Unsaved Jungle Figures, Inc. produces two models of its stuffed giraffes, which it markets to high-end retail stores. The large giraffe requires 2 pounds of stuffing material and 6 minutes of machine time. The small giraffe requires 1 pound of stuffing material and 12 minutes of machine time since its tighter stitching pattern requires it to be stitched twice. There are 800 pounds of stuffing and 70 machine hours available each week. By adhering to a policy of not producing more than twice the number of large giraffes as small giraffes (this is a constraint), Jungle Figures has been able to sell all the giraffes it produces at $12 per large giraffe and $9 per small giraffe. A linear programming model is formulated to maximize Jungle Figures’ weekly profit from the manufacturing of the giraffes. MAX 12X1 + 9X2 ST 2X1 + X2 ? 800 .1X1 + .2X2 ? 70 X1 - 2X2 ? 0 Set up the model in Excel and solve for the optimal solution using Solver. In the boxes below, enter the optimal values of X1 (first box) and X2 (second box).
Solutions
Expert Solution
X1 = no. of large giraffes to be produced
X2 = no. of small giraffes to be produced
keosha answered 10 months agoRelated Solutions
2. On-the-Go, Inc., produces two models of traveling cases for laptop computers: the Programmer and the...
2. On-the-Go, Inc., produces two models of traveling cases for
laptop computers: the Programmer and the Executive. The bags have
the following characteristics:
Programmer
Executive
Selling price per bag
$
60
$
100
Variable cost per bag
$
20
$
50
Expected sales (bags) per year
8,000
12,000
The total fixed costs per year for the company are $678,000.
Required:
a. What is the anticipated level of profits for
the expected sales volumes?
b. Assuming that the product mix is...
QUESTION 7 Jungle, Inc. has a target debt-equity ratio of 0.72. Its WACC is 11.5 percent...
QUESTION 7
Jungle, Inc. has a target debt-equity ratio of 0.72. Its WACC is
11.5 percent and the tax rate is 34 percent. What is the cost of
equity if the aftertax cost of debt is 5.5 percent?
QUESTION 8
In a single sentence, explain how you can determine which cash
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Thayer Farms stock has a beta of 1.12. The risk-free rate of
return is 4.34 percent and...
The Magnetron Company manufactures and markets microwave ovens. Currently, the company produces two models: full-size and...
The Magnetron Company manufactures and markets microwave ovens.
Currently, the company
produces two models: full-size and compact. Production is
limited by the amount of labor
available in the general assembly and electronic assembly
departments, as well as by the demand
for each model. Each full-size oven requires 2 hours of general
assembly and 2 hours of
electronic assembly, whereas each compact oven requires 1 hour
of general assembly and 3
hours of electronic assembly. In the current production period,
there...
KPhone produces quality smart phones. Its factory produces two popular models: the KPhone Pro and the...
KPhone produces quality smart phones. Its factory produces two
popular models: the KPhone Pro and the KPhone Pro Max. At the
beginning of the year, the following planned production information
was tabled to assist in cost planning:
Pro Max
Pro
Quantity planned
100,000
800,000
Selling Price
$1,650.00
$900.00
Unit prime cost
$530.00
$483.00
In addition, the following information was provided for
calculating overhead costs for each phone.
Activity Name
Activity Driver
Total Activity Cost
Pro Max
Pro
Setups
Number of...
Way Cool produces two different models of air conditioners. The company produces mechanical systems in its...
Way Cool produces two different models of air conditioners. The
company produces mechanical systems in its components department.
The mechanical systems are combined with the housing assembly in
its finishing department. The activities, costs, and drivers
associated with these two manufacturing processes and production
support processes follow.
Process
Activity
Overhead Cost
Driver
Quantity
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Machine hours
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Question 2 – Comprehensive problem: Scoops Ahoy, Inc. is a manufacturer that produces ice cream. Its...
Question 2 – Comprehensive problem: Scoops
Ahoy, Inc. is a manufacturer that produces ice cream. Its relevant
range of production for 2019 is 101,000 to 106,000 pints of ice
cream. When it produces and sells 104,000 pints, its average costs
per unit are as follows:
Average cost per pint
Direct materials
$
0.35
Direct labor
$
1.19
Variable manufacturing overhead
$
0.23
Fixed manufacturing overhead
$
0.27
Variable selling and administrative expenses
$
0.09
Fixed selling and administrative expenses
$...
On-the-Go, Inc., produces two models of traveling cases for laptop computers—the Programmer and the Executive. The...
On-the-Go, Inc., produces two models of traveling cases for
laptop computers—the Programmer and the Executive. The bags have
the following characteristics.
Programmer
Executive
Selling price
per bag
$
70
$
90
Variable cost
per bag
$
30
$
30
Expected sales
(bags) per year
7,000
10,500
The total fixed costs per year for the company are $670,000.
Required:
a. What is the anticipated level of profits for
the expected sales volumes?
b. Assuming that the product mix is the same...
On-the-Go, Inc., produces two models of traveling cases for laptop computers—the Programmer and the Executive. The...
On-the-Go, Inc., produces two models of traveling cases for
laptop computers—the Programmer and the Executive. The bags have
the following characteristics.
Programmer
Executive
Selling price
per bag
$
60
$
90
Variable cost
per bag
$
30
$
30
Expected sales
(bags) per year
8,000
12,000
The total fixed costs per year for the company are $670,000.
Required:
a. What is the anticipated level of profits for
the expected sales volumes?
b. Assuming that the product mix is the same...
On-the-Go, Inc., produces two models of traveling cases for laptop computers—the Programmer and the Executive. The...
On-the-Go, Inc., produces two models of traveling cases for
laptop computers—the Programmer and the Executive. The bags have
the following characteristics.
Programmer Executive
Selling price per bag $ 60 $ 90
Variable cost per bag $30 $ 30
Expected sales (bags) per year 7,000 10,500
The total fixed costs per year for the company are $664,000.
Required: a. What is the anticipated level of profits for the
expected sales volumes?
b. Assuming that the product mix is the same at...
On-the-Go, Inc., produces two models of traveling cases for laptop computers—the Programmer and the Executive. The...
On-the-Go, Inc., produces two models of traveling cases for
laptop computers—the Programmer and the Executive. The bags have
the following characteristics. Programmer Executive Selling price
per bag $ 60 $ 90 Variable cost per bag $ 30 $ 40 Expected sales
(bags) per year 7,000 10,500 The total fixed costs per year for the
company are $668,000. Required:
a. What is the anticipated level of profits for the expected
sales volumes?
b. Assuming that the product mix is the same...
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