Steel Company manufactures two kinds of wrought-iron rails: Model E (the elegant) and Model D (the distinctive). Model E rails sell for $59 and cost $50 to make, whereas Model D rails sell for $48 and cost $41 to make. To make one Model E rail requires 2 hours on Machine A, 1 hour on Machine B, and 4 hours on Machine C. On the other hand, to make one Model D rail requires 1 hour on A, 2 hours on B, and 5 hours on C. Production scheduling indicates that during the coming week Machine A will be available for at most 30 hours, Machine B for at most 24 hours, and Machine C for at most 72 hours. Find the number of each kind of rail to be made in the coming week in order for the company to maximize its profit. Calculate the maximum profit.

Steel Company manufactures two kinds of wrought-iron rails: Model E (the elegant) and Model D (the distinctive). Model E rails sell for $59 and cost $50 to make, whereas Model D rails sell for $48 and cost $41 to make. To make one Model E rail requires 2 hours on Machine A, 1 hour on Machine B, and 4 hours on Machine C. On the other hand, to make one Model D rail requires 1 hour on A, 2 hours on B, and 5 hours on C. Production scheduling indicates that during the coming week Machine A will be available for at most 30 hours, Machine B for at most 24 hours, and Machine C for at most 72 hours. Find the number of each kind of rail to be made in the coming week in order for the company to maximize its profit. Calculate the maximum profit.

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Description: Steel Company manufactures two kinds of wrought-iron rails: Model E (the elegant) andModel D (the distinctive). Model E rails sell for $59 and cost $50 to make, whereas ModelD rails sell for $48 and cost $41 to make. To make one Model E rail requires

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4EA: Use the information provided to create a standard cost card for production of one glove box switch....

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