Layton Machining Company (LMC) manufactures two versions of a
basic machine tool. One version is a standard model and one is a
custom model, which requires some additional work and slightly
higher-grade materials. The manufacturing process at LMC requires
that each product go through two departments, Grinding and
Finishing. The process in each department uses a single type of
machine. Total machine capacity in Grinding is 51,000 hours, and in
Finishing, total machine capacity is 31,000 hours. (Each department
has multiple machines.) Total market demand is limited to 102,000
standard units and 122,000 custom units monthly. LMC is currently
producing 92,000 standard units and 53,000 custom units each month.
Cost and machine-usage data for the two products follow:
| Standard | Custom | Total | |||||||
| Price | $ | 6.70 | $ | 8.70 | |||||
| Less variable costs per unit | |||||||||
| Material | 1.55 | 2.05 | |||||||
| Labor | 1.30 | 1.55 | |||||||
| Overhead | 1.80 | 2.55 | |||||||
| Contribution margin per unit | $ | 2.05 | $ | 2.55 | |||||
| Fixed costs | |||||||||
| Manufacturing | $ | 77,000 | |||||||
| Marketing and administrative | 38,000 | ||||||||
| $ | 115,000 | ||||||||
| Grinding machine hours per unit | 0.2 | 0.3 | |||||||
| Finishing machine hours per unit | 0.1 | 0.4 | |||||||
| Grinding machine hours used | 34,300 | ||||||||
| Grinding machine hours available | 51,000 | ||||||||
| Finishing machine hours used | 30,400 | ||||||||
| Finishing machine hours available | 31,000 | ||||||||
| Quantity produced | 92,000 | 53,000 | |||||||
| Maximum demand | 102,000 | 122,000 | |||||||
| Profit | $ | 208,750 | |||||||
a. What is the optimal production schedule for LMC? In other words, how many standard units and custom units should the company produce each month to maximize monthly profit?
Standard Units ____
Custom Units ____
b. If LMC produces at the level found in requirement (a), how much will monthly profit increase over the current production schedule?
Increase profits by ____
In: Accounting
CODE: C#
using System;
public static class Lab6
{
public static void Main()
{
// declare variables
int hrsWrked;
double ratePay, taxRate, grossPay, netPay=0;
string lastName;
// enter the employee's last name
Console.Write("Enter the last name of the employee => ");
lastName = Console.ReadLine();
// enter (and validate) the number of hours worked (positive number)
do
{
Console.Write("Enter the number of hours worked (> 0) => ");
hrsWrked = Convert.ToInt32(Console.ReadLine());
} while (hrsWrked < 0);
// enter (and validate) the hourly rate of pay (positive number)
// *** Insert the code to enter and validate the ratePay
// enter (and validate) the percentage of tax (between 0 and 1)
// *** Insert the code to enter and validate taxRate
// Call a method to calculate the gross pay (call by value)
grossPay = CalculateGross(hrsWrked, ratePay);
// Invoke a method to calculate the net pay (call by reference)
CalculateNet(grossPay, taxRate , ref netPay);
// print out the results
Console.WriteLine("{0} worked {1} hours at {2:C} per hour", lastName,
hrsWrked, ratePay);
// *** Insert the code to print out the Gross Pay and Net Pay
Console.ReadLine();
}
// Method: CalculateGross
// Parameters
// hours: integer storing the number of hours of work
// rate: double storing the hourly rate
// Returns: double storing the computed gross pay
public static double CalculateGross(int hours, double rate)
{
// *** Insert the contents of the CalculateGross Method
}
// Method: CalculateNet
// Parameters
// grossP: double storing the grossPay
// tax: double storing tax percentage to be removed from gross pay
// netP: call by reference double storing the computed net pay
// Returns: void
public static void CalculateNet(double grossP, double tax, ref double netP)
{
// *** Insert the details of the CalculateNet Method
}
}
Build the solution. Resolve any syntax mistakes (if you make any) until the program compiles. Run the program using the input data: Smith, 40, 12.5, 0.2. You should find that the gross pay is $500.00 and net pay is $400.00
What is the output?
Run the program using input Smith, -8,40, 12.5, 0.2.
What is the output?
Run the program using input Smith, 40,-3, 12.5, 0.2.
What is the output?
Run the program using input Smith, 40,12.5, 9, 0.2.
What is the output?
Run the program using input Smith, 44,12.5, 0.2.
What is the output?
Now let’s add another user-defined method to our program ... this method will compute any overtime pay.
Assume the employees receive time and a half (1.5) for any hours worked over 40).
Your method should be invoked after you compute gross pay with CalculateGross but before you compute net pay with CalculateNet (i.e., between Lines 36 and 39).
The new method is to be called CalculateOT, and it is to have to following method header:
public static double CalculateOT(int hours, double rate)In this method, both formal parameters are call by value with hours representing the number of hours work and rate representing the hourly wage.
CalculateOT is to return only the amount of overtime pay (in excess of regular pay) which is computed from the number of hours greater than 40 multiplied by the hourly wage and then multiplied by 0.5. (CalculateOT is only returning the overtime amount which must be added to the gross pay variable in Main() before netPay is calculated ) Run the program using the input data: Smith, 40, 12.5, 0.2.
Run the program using input Smith, 44,12.5, 0.2. (The grossPay for this data should be $575 and the netPay should be $460. If you get a different answer, you've made a mistake and should revisit your code.)
What is the output?
How does the result differ from Part (f)?
Run the program using input Smith, 20,12.5, 0.2.
The grossPay for this data should be $250 and the netPay should be $200. If you get a different answer, you've made a mistake and should revisit your code.
What is the output?
In: Computer Science
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= s.
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What is the concentration of Tris-HCl in mM and in
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d. Compute P(x >or equal to 4) (to 4 decimals).
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