Examlex
Use the following information to answer the following question(s) , using the SUMPRODUCT function.
Stone Age Surfboards is a small manufacturer of two types of popular high-tide surfboards, the Rockwell and the Limestone models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 15 skilled workers, each of whom works 5 hours per day. The finishing department has 5 workers, who also work a 5-hour shift. Each pair of Rockwell surfboards requires 3 labor hours in the fabrication department and 1.5 labor hours in finishing. The Limestone model requires 4.5 labor-hours in fabrication and 2 labor-hours in finishing. The company operates 6 days a week. It makes a per-unit profit of $60 on the Rockwell model and $75 on the Limestone model. Approximately 4.1 Rockwell models and 8.4 Limestone models are produced per day.
-What is the total number of hours used for the finishing operation?
Cash Flows
The total amount of money being transferred into and out of a business, determining its operating, investing, and financing activities' liquidity.
Common Stock
A type of equity security that represents ownership in a corporation, giving shareholders voting rights and a share of the company's profits through dividends.
Inventory
Inventory consists of the goods and materials that a business holds for the purpose of resale or production.
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