Lab – Chapter 3 due 10/7/2019 For this hands-on practice, you should generate computer solution of E

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July 2, 2020
21. The total cost of direct materials, direct labor, and factory overhead transferred from the…
July 2, 2020

Lab – Chapter 3 due 10/7/2019 For this hands-on practice, you should generate computer solution of E

Lab – Chapter 3 due 10/7/2019 For this hands-on practice, you should generate computer solution of Exhibit 31 (Page 78 on the 13″ edition) using Excel Solver. You should answer the following questions in a textbox in your solution sheet (note: to create a textbox, click [Insert]-[Shapes]-[Textbox] from the Excel menu). • What is your profit if the price of a bowl decrease by $10.0 and $270, respectively? (run Excel Solver The menu of Solver should be available under [Data)) • What is your marginal value for adding one unit (ie, hour) of Labor? • If you cannot supply additional 50 LB (pounds) of Clay, what is your maximum profit? • If you add 10 LB (pounds) of Clay, what will be your new profit? Submit your Excel file example introduced in Chapter 2 Exhibit 3.4 as an example. Appendix B at the end of this text is the tutorial Setting Up and Editing a Spreadsheet” using Exhibit 3.1 Click on “Data” tab to invoke “Solver.” File Home Inn Page Layout Ravi View All in Otel want to die Form Cortions 2 H Cadete Relationship Marea Model A emove Duplicates ydin Sorte W Dus Query. Recentes Force S =C6*B10+D6*B11 =G6-E6) KL 1 The Beaver Creek Pottery Company maximize Z – 40x, + 50×3 Bowl 40 Mug 5 0 subject to 3 Products: 4 Profit per unit 5 Resources: 6 labor (hrlunit) clay (ib/unit) Resources Constraint Available Usage Ler over 407 120 120 1x + 2x; 0 =G7-E7 9 Production: 10 Bowls 11 Mugs – 12 Profit Decision variables- bowls (x)=B10; mugs (x)=B11 =C7*B10+D7*B11 Objective function =C4*B10+ D4*B11 The values for bowls and mugs and for profitaro contained in cells 810, B11, and B12, respectively. These cells are currently empty or zero because the model has not yet boon solved. The objective function for profit, C4.B10D4B11 is embedded in coll B12. shown in the formula bar This formula is essentially the same as Z = 40, 50s, where 10 and 11 represent and to and B12 equals Z The objective function coefficients, 40 and 50, are in cells C4 and D4 Similar formulas for the con wave updated our read aloud feature embedded in cells E6 and E7 For example, in coll E6 we input the formula C6.B10+ D6. B11. Give it a try here. Aa 10B

 

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