Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each of these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the profit from hardwood plywood panels?
A. $7,400.00
B. $1,800.00
C. $6,640.00
D. $7,950.00
B. $1,800.00
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On a work sheet, the Debit columns of the Income Statement and the Balance Sheet both total more than the Credit columns. This represents
a. an error in the accounting procedures for the period. b. a net loss. c. a net income. d. no gain or loss.
Madsen, Inc. intends to increase its profits by 50% in the next fiscal year. Which of the following is most likely to be a lead indicator in Madsen's performance report?
A) return on investment B) number of repeat customers C) net profit margin D) sales revenue growth
Tiffany Company has two divisions, Gold and Silver. Gold produces a unit that Silver could use in its production. Silver currently is purchasing 50,000 units from an outside supplier for $25. Gold is operating at less than full capacity and has variable costs of $13.50 per unit. The full cost to manufacture the unit is $20. Gold currently sells 450,000 units at a selling price of $27. If an internal transfer is made, variable shipping and administrative costs of $1 per unit could be avoided. How much will Silver save by not purchasing from outside if a transfer price of $22.50 is agreed upon?
A. $175,000 B. $250,000 C. $225,000 D. $125,000
Geoffrey ________ complete his essay for English class on time because he ________ all week
A) doesn't/procrastinates B) didn't/had procrastinated C) don't/procrastinated D) didn't/has procrastinated