Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- 1 A manufacturer produces both widgets and gadgets. Widgets generate a profit of $35 each and gadgets have a profit margin of $55 each. To produce each item, a setup cost is incurred. This setup cost is $500 for widgets and $300 for gadgets. Widgets consume 2 units of raw material A and 3 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 400 units of each raw material available. Assume that it is possible to produce fractional quantities of widgets and gadgets. X 01:30:43 Set up the problem in Excel and find the optimal solution. a. The manufacturer widgets and gadgets. Skipped (Leave no cells blank – be certain to enter "0" wherever required. Round your answers to 2 decimal places.) b. The manufacturer will produce widgets and gadgets (Round your answer to 2 decimal places.) Mc Graw Hill ASUSarrow_forwardIncreases in lead time ________reorder points. Group of answer choices Decrease Have no effect on Increasearrow_forward) A store employee creates a display of sets of bunk beds priced at $66 apiece. The store paid $33 for each set of bunk beds. What percentage is the mark-up? Write your answer using a percent sign (%).arrow_forward
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