Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. edwards manufacturing company purchases two compon

Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity,...

90.2K

Verified Solution

Question

Basic Math

Edwards Manufacturing Company purchases two component parts fromthree different suppliers. The suppliers have limited capacity, andno one supplier can meet all the company’s needs. In addition, thesuppliers charge different prices for the components. Componentprice data (in price per unit) are as follows:

Supplier
Component123
1$12$13$10
2$15$12$10

Each supplier has a limited capacity in terms of the totalnumber of components it can supply. However, as long as Edwardsprovides sufficient advance orders, each supplier can devote itscapacity to component 1, component 2, or any combination of the twocomponents, if the total number of units ordered is within itscapacity. Supplier capacities are as follows:

Supplier123
Capacity525975

900

If the Edwards production plan for the next period includes 1025units of component 1 and 825 units of component 2, what purchasesdo you recommend? That is, how many units of each component shouldbe ordered from each supplier? Round your answers to the nearestwhole number. If your answer is zero, enter \"0\".

Supplier
Component123
1
2

What is the total purchase cost for the components? Round youranswer to the nearest dollar.

$__________

Answer & Explanation Solved by verified expert
4.5 Ratings (597 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Wingate Company, a wholesale distributor of electronicequipment, has been experiencing losses for some time,...

Accounting
Q

A small business uses a website to sell clothing and accessories. the owners use data analytics...

Basic Math
Q

Do you agree or disagree that the U.S. should raise the minimum wage? How could this...

Economics
Q

Solve this equation using the square root property. If possible, simplify radicals. All answers should...

Basic Math
Q

An object moves s t 2t 3 3t 2 8 meters where t is in...

Calculus
Q

Let f t Vt For a 0 find f a f a

Calculus
Q

For each account listed, identify the category in which it would appear on a classified...

Accounting
Q

Frederick Grant is employed by Jabex Ltd as an Engineer. He earns 270,000 per month...

Accounting
Q

A truck costs $316,000 and is expected to be driven 116,000 miles during its five-year...

Accounting
Q

Parsons and Sons Woodworks manufactures baseball bats and wooden tops. Currently, Parsons and Sons makes...

Accounting
Q

Assume that an auditor is reviewing a file containing twenty-five fields of data, only five...

Accounting
Q

how to calculate IRR how can I calculate that in financial calculator (HP10bll+) and excel....

Finance