00:01
Once again, welcome to new problem.
00:05
This time we have data.
00:08
We have data.
00:11
And the data that we do have involves three different products.
00:22
So we're looking at three different products.
00:26
And these products are in a single facility.
00:32
So we have these three products in a single facility.
00:36
So we have the selling price per unit, so per unit selling price for the product.
00:50
And product a, we have a, b, and c, with the three products, a, b, and c.
01:03
And a happens to be 125.
01:08
25 and 40 cents and b happens to be 790 and c happens to be 168 and then we have direct materials 54 60 we have 44 50 we have 190 we have direct labor 39 39 39 39, 39, 39, 39, 39, 39, 14, 1420, and then we we have $30 and we also have variable manufacturing overhead.
02:03
So we have $7 .50.
02:07
We have $4 .60 and we have $14.
02:13
And then we also have variable selling cost per unit.
02:25
Variable selling cost per unit.
02:31
We have $14 .30.
02:34
We have $3 .30.
02:36
And we have $8 .60.
02:40
And then we have mixing minutes per unit.
02:48
We have $25 .30.
02:53
Well, actually, not dollars.
02:55
Not dollars.
02:55
It's $25 and $30.
02:57
And then we have $2 .50.
03:00
We have another $2 .50.
03:06
And then monthly demand units.
03:13
So the monthly demand units for product a, we have 3 ,000 demand and for product b, we have 1 ,000 demand and product b, we have 1 ,000 and product c we have 2 ,000 in terms of demand.
03:28
And then we're going to say a couple of things, so we'll say that the machines and these are the the mixing machines provide constraints in the production facility and we have 14 ,000 minutes available per month on these machines.
04:15
Direct labor happens to be variable cost.
04:27
Direct labor happens to be a variable cost and these are the requirements in part a.
04:38
Determine the number of minutes of mixing machine time are required to satisfy demand for the three products.
05:06
So to satisfy demand for the three products.
05:09
And then in part b, determine the amount of each product needed to maximize operating income.
05:38
So we want to maximize operating income.
05:41
So we want to figure out the product needed...