Maxwell Manufacturing Makes Two Models of Felt Tip Marking Pens

question 1

Essay

Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below. $$\begin{array} { l | c c | c } & \text { Fliptop Model } & \text { Tiptop Model } & \text { Available } \\\hline \text { Plastic } & 3 & 4 & 36 \\\text { Ink Assembly } & 5 & 4 & 40 \\\text { Molding Time } & 5 & 2 & 30\end{array}$$ The profit for either model is $1000 per lot.
a.What is the linear programming model for this problem?
b.Find the optimal solution.
c.Will there be excess capacity in any resource?

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Definitions:

Manufacturing Overhead

Indirect costs associated with manufacturing, not directly traceable to a specific product, such as factory rent or maintenance.

Job-Order Costing

A cost accounting system used to accumulate costs of production by job rather than by process, suitable for companies producing individual, custom orders.

T-Accounts

A graphical representation used in accounting to depict the debit and credit sides of an account.

Manufacturing Overhead

All indirect costs associated with manufacturing, such as utilities, maintenance, and salaries for management, not directly involved in the production.