Table 8-3 Each Coffee Table Produced by Timothy Kent Designers Nets the Nets

question 14

Multiple Choice

Table 8-3
Each coffee table produced by Timothy Kent Designers nets the firm a profit of $9. Each bookcase yields a $12 profit. Kent's firm is small and its resources limited. During any given production period (of 1 week) , 10 gallons of varnish and 12 lengths of high quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 1 length of redwood. Each bookcase takes 1 gallon of varnish and 2 lengths of wood.
-Referring to Table 8-3, if we were to frame this as a linear programming problem, the objective function would be:

• A) Maximize 9B + 12T.
• B) Maximize 9T + 12B.
• C) Minimize 10T + 10B.
• D) Maximize 12T + 10B.
• E) None of the above

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Definitions:

Direct Expenses

Costs that are directly traceable to a specific cost object, such as a product, department, or project.

Indirect Expenses

Costs that are not directly linked to the production of goods or services, such as administration and marketing expenses.

Metric

A quantifiable measure that is used to track and assess the status of a specific process or activity.

Quantify Performance

The process of measuring the efficiency and effectiveness of an action or entity using numerical data.