ZuoTi.Pro
Question

A manufacturing firm has received an order to make 400,000 souvenir medals. The firm owns 20...

A manufacturing firm has received an order to make 400,000 souvenir medals. The firm owns 20 machines, each of which can produce 200 medals per hour. The cost of setting up the machines to produce the medals is $80 per machine, and the total operating cost is $5.76 per hour. How many machines should be used to minimize the cost of producing the 400,000 medals? (Remember, the answer must be an integer)

Please show all work and explain each step as thoroughly as possible.

math   calculus   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

solution: Let on machines are using for making 400,000 medals, we must operate the machine over the time 400 000 Time - 2002

0 0
Add a comment
Know the answer?
Add Answer to:
A manufacturing firm has received an order to make 400,000 souvenir medals. The firm owns 20...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Business Calculus

    A plastics firm has received an order from the city recreation department to manufacture 8,000 special Styrofoam kickboards for its summer swimming program. The firm owns 10 machines, each of which can produce 30 kickboards an hour. The cost of setting up the machines to produce the kickboards is $20 per machine. Once the machines have been set up, the operation is fully automated and can be overseen by a single production supervisor earning $15 per hour.a. How many of...

  • 2 Jackson Hole Manufacturing Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer...

    2 Jackson Hole Manufacturing Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer company and involves the 2 production of plastic printer cases for the computer companys portable printers. The printer cases are produced on two injection molding machines. The M-100 machine has a production capacity of 25 printer cases per hour, and the M-200 machine has a production capacity of 40...

  • A company has a fixed manufacturing overhead of $400,000 that needs to be allocated to a...

    A company has a fixed manufacturing overhead of $400,000 that needs to be allocated to a product cost object. Six different allocation bases are being considered, as shown in the table immediately below. Allocate the $400,000 of fixed manufacturing overhead under each of the six bases presented in the table. If rate is $12 has to be shown as $12.00. If an overhead allocation is $19,138.89 has to be shown has $19,140. Given Information SOLUTION Possible Allocation Base Total Factory...

  • Concord Manufacturing Company, a small manufacturer of appliance parts, has just completed its first year of...

    Concord Manufacturing Company, a small manufacturer of appliance parts, has just completed its first year of operations. The company's controller, Kenneth Clark has been reviewing the results for the year and is concerned about the application of factory overhead. Trainor is using the following information to assess operations. • Concord uses several machines with a combined cost of $2,250,000 and no residual value. Each machine has an output of 5 units of product per hour and a useful life of...

  • please show work. Company owns 25 jars and 1 worker can make 20 per hour. so,...

    please show work. Company owns 25 jars and 1 worker can make 20 per hour. so, 1 hour labor = 20 jars. same materials will be used. $9/hr for workers. Option 1: jar production can be done at plant with workers Option 2: rent a machine to make jars. 500 per hour. cost of machine includes everything for $80/hour 1. what is the MPL? 2. what is the MPK? 3. recommended hours of labor and captial? 4. if jars were...

  • Verizon Manufacturing Company spent $400,000 in 2016 to inspect incoming components. Of the $400,000, $240,000 is...

    Verizon Manufacturing Company spent $400,000 in 2016 to inspect incoming components. Of the $400,000, $240,000 is fixed appraisal costs. The variable inspection cost is $0.20 per component. It takes two components for each finished product. Internal failure costs average $80 per failed unit of finished goods. In 2016, five percent of all completed items had to be reworked. External failure costs average $200 per failed unit. The company's average external failures are one percent of units sold. The company manufactures...

  • Concord Manufacturing Company, a small manufacturer of appliance parts, has just completed its first year of...

    Concord Manufacturing Company, a small manufacturer of appliance parts, has just completed its first year of operations. The company's controller, Kenneth Clark has been reviewing the results for the year and is concerned about the application of factory overhead. Trainor is using the following information to assess operations. • Concord uses several machines with a combined cost of $2,250,000 and no residual value. Each machine has an output of 5 units of product per hour and a useful life of...

  • Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer company and involves the prod...

    Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer company and involves the production of plastic printer cases for the computer companys portable printers. The printer cases are produced on two injection molding machines. The M-100 machine has a production capacity of 25 printer cases per hour, and the M-200 machine has a production capacity of 40 cases per hour. Both machines...

  • "A manufacturing company has just received an order with the following financial data. All dollar...

    "A manufacturing company has just received an order with the following financial data. All dollar values are given in constant dollars, and inflation will impact the annual revenue, annual operating cost, and the salvage value. The two-year project requires immediately purchasing equipment for $90,000. The equipment falls into the MACRS 5-year class. The machine will be sold for $12,000 at the end of two years. The project will bring in additional annual revenue of $107,000, but it is expected to...

  • Marge Manufacturing has the following information available for the month: • Budgeted production is 400,000 units...

    Marge Manufacturing has the following information available for the month: • Budgeted production is 400,000 units and the firm’s selling price per unit is $25. • Each unit produced is budgeted to require 2 ounces of material B at a cost of $2 per ounce and 0.25 direct labor hours at a cost of $30 per hour Instead of just giving an answer, it would be great if you can explain how to do it/why b. How many ounces of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT