A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a cost of $3,600 and goal number 2 was to have no wasted material
The optimal solution to this problem resulted in a cost of $3,900 and no wasted material. What was the value for the objective function for this goal programming problem?
A) 300
B) -300
C) 3300
D) 0
E) None of the above
A
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Answer the following statement true (T) or false (F)
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
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