Bullseye Shirt Company makes three types of shirts: athletic, varsity, and surfer. The shirts are made from different combinations of two types of fabric, which are cotton and rayon. For simplicity, assume that one yard of fabric isused to make one shirt. The cost per yard of cotton is $5 and the cost per yard of rayon is $7.The table below shows relevant manufacturing information:ShirtFabric RequirementSelling PriceAthleticat least 60% cotton$30Varsityno more than 25% rayon$40Surferexactly 80% cotton$36Decision variables are defined as follows: xj = yards of fabric i used in shirt j where i = {c, r} and j= {a, v, s}.Fill in the blanks to complete the objective function for this linear programming model that maximizes the company's weekly profits.Max Z =Хса +Xcv +Xcs +Xra +Xrs

Decision Variable: Suppose- Xij be the yards of fabric of the ith ingredient used in the jth…

Answered: Bullseye Shirt Company makes three…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Joint Products Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin,from a joint process. The joint costs incurred are $420,000 for a standard production run that generates 180,000 pints of Smooth Skin and 120,000 pints of Silken Skin. Smooth Skin sells for $2.40 perpint, while Silken Skin sells for $3.90 per pint.Required1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method?2. If no separable costs are incurred after the split-off point, how much of the joint cost of each productionrun is allocated to Silken Skin using the physical measure method method?3. If separable processing costs beyond the split-off point are $1.40 per pint for Smooth Skin and $0.90 perpint for Silken Skin, how much of the joint cost of each production run is allocated to Silken Skin usinga net realizable value method?4. If separable processing costs beyond the…
Ajax Manufacturing produces a single product, which takes 8.0 pounds of direct materials per unitproduced. Assume that it is currently at the end of the first quarter of the year, and there are 50,000pounds of material on hand. The company’s policy is to maintain an end-of-quarter inventoryof materials equal to 25 percent of the following quarter’s material requirements for production.How many units of product were produced in the first quarter of the year? Under the assumptionthat production will increase by 10 percent in the second quarter, what are the direct materialsrequirements (in pounds) for planned production in the second quarter?
Inventory Management You are the store manager at a local branch of DigiLife, a large electronics retail chain. A new version of a popular consumer electronics device called the Amulet is coming out this year. It is your job to sell as many Amulets as you can while minimizing your costs in order to maximize your store's profits. Your Goal Earn $1,000,000 in net profits of Amulet sales.
a manufacturer of video cames sells each copy for $21.83. The manufacturing cost of each copy is $14.56. Monthly fixed costs are $8500. During the first month of sales of a new game, how many copies must be sold in order for the manufacturer to break even (that is, in order for the total revenue to equal the total cost)?
Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, B
Mpho is an avid seamstress and want to sew and sell high quality, reusable, designer face masks during the current Covid-19 pandemic. She will design and sew the masks herself and use her automatic embroidery machine to put her logo on each mask sold. With the help of her son, deliveries will be made all over Gauteng within 3 days of placing the order. Every mask will have a unique three-layer design with adjustable straps to ensure comfort and fit. Mpho’s only expense is the material needed to sew the masks and delivery costs. At this stage, Mpho’s target market is limited to Gauteng. Question: Create a diagram to illustrate the transformation process of Mpho’s new business. Be sure to include all relevant elements, headings and arrows to indicate the flowof products/ services. What should be in the diagram: outputs, inputs, feedback, transformation process and flow of product and service ect.
Julia Martin is the production manager of a ready to wear manufacturing outfit. A decision needs to be made about the type of clothing material or fabric to be used to make a shirt. The fabric that has been used in the previous production cost P 40 per yard but it is not available currently. Similar material from another supplier will cost P 50 per yard. Required: Identify all costs that you can see in the Julia Martin problem. Explain simply why you classified it as such.
Mpho is an avid seamstress and want to sew and sell high quality, reusable, designer face masks during the current Covid-19 pandemic. She will design and sew the masks herself and use her automatic embroidery machine to put her logo on each mask sold. With the help of her son, deliveries will be made all over Gauteng within 3 days of placing the order. Every mask will have a unique threelayer design with adjustable straps to ensure comfort and fit. Mpho’s only expense is the material needed to sew the masks and delivery costs. At this stage, Mpho’s target market is limited to Gauteng. Draw a diagram to illustrate the transformation process of Mpho’s new business. Be sure to include all relevant elements, headings and arrows to indicate the flow of products/ services
Pranuec Company mai Tactures, assembles, and rebunds material handing equipment used Tn war ses and uistr iters. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 6000 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Manufacturing Cost Purchase Cost Frame $39.00 $52.00 Support $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows: Department Component Cutting Milling Shaping Frame 3.6 2.3 3.2 Support 1.4 1.8 2.7 Strap 0.9 1.8 Capacity (hours) 370 430…
The three major categories that comprise cost of goods manufactured are a. Material, labor, and overhead b. Average, marginal, and instantaneous c. Past, present, and future d. Initial, operating, and salvage.
Mpho is an avid seamstress and want to sew and sell high quality, reusable designer face masks during the current Covid-19 pandemic. She will design and sew the masks herself and use her automatic embroidery machine to put her logo on each mask sold. With the help of her son, deliveries will be made all over Gauteng within 3 days of placing the order. Every mask will have a unique three-layer design with adjustable straps to ensure comfort and it. Mpho’s only expenseis the material needed to sew the masks and delivery costs. At this stage, Mpho’starget market is limited to Gauteng. Draw a diagram to illustrate the transformation process of Mpho’s new business. Be sure to include all relevant elements, headings and arrows to indicate the flow of products/ services. Question: 1. Draw a diagram to illustrate the transformation process of Mpho’s new business. Be sure to include all relevant elements, headings and arrows to indicate the flow of products/ services.
Home-Style Cookies wants to evaluate the potential profitability of the new retail shop. Fixed costs of $9,200 per month include payroll and equipment/furniture capital expense (rent and utilities are covered by the production plant), and average variable costs (includes packaging) of 70 cents per unit sold. Each item is sold to customers at a price that averages $2. For costing purposes, the multi-packs are counted as individual cookies. What volume per month is required in order to break even? What profit (or loss) would be realized on the forecasted monthly volume for August of 8,778 cookies (units) and for September at 10,540 cookies (units)? What volume is needed to obtain a profit of $16,000 per month & What volume is needed to provide a revenue of $23,000 per month? Plot the total cost and total revenue lines on a graph Please show all steps to prepare the graph. Thank you.

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