A wood products firm uses leftover time at the end of each week to make goods for stock. Currently, there are two products on the list of items that are produced for stock: a chopping board and a knife holder. Both items require three operations: cutting, gluing, and finishing. The manager of the firm has collected the following data on these products: The manager has also determined that during each week 120 minutes are available for cutting, 650 minutes are available for gluing, and 360 minutes are available for finishing. Formulate Linear Programming (L.P) Model for above problem?

The following three questions refer to Sony Records, Inc. Executives of the company are re- releasing Michael Jackson's Thriller CD. The following cost and revenue information pertains to the new CD: CD package and disc (direct material and labor): $2.50/CD Songwriters' royalties: $0.70/CD Recording Artists' royalties: $2.00/CD Advertising & promotion: $380,000 Sony Records Inc.'s Overhead: $300,000 Selling price of CD: $10.00 Question 1: What is the per unit gross marketing contribution? 35% None of these 52% 48%

Lens Care Incorporated (LCI) manufactures specialized equipment for polishing optical lenses. There are two models - one mainly used for fine eyewear (F-32) and another for lenses used in binoculars, cameras, and similar equipment (B-13). The manufacturing cost of each unit is calculated using activity-based costing, using the following manufacturing cost pools: Costing Rate Cost Pools Allocation Base Materials handling Number of parts $ 4.10 per part Manufacturing supervision Hours of machine time $ 14.97 per hour Assembly Machine setup Inspection and testing Packaging Number of parts Each setup Logged hours Logged hours $ 4.15 per part $ 57.35 per setup $ 46.35 per hour $ 20.35 per hour LCI currently sells the B-13 model for $5,600 and the F-32 model for $5,980. Manufacturing costs and activity usage for the two products are as follows: Direct materials Number of parts Machine hours Inspection time Packaging time Setups B-13 $ 165.35 F-32 $ 76.28 177 137 8.75 4.37 3.40 2.50 1.75 2…