If a Problem Has Only Less-Than-Or-Equal-To Constraints with Positive Coefficients

question 24

True/False

If a problem has only less-than-or-equal-to constraints with positive coefficients for the variables,rounding down will always provide a feasible integer solution.

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Definitions:

Inventory Accounts

Accounts used to track the cost of goods a company has in stock during an accounting period, including raw materials, work in progress, and finished goods.

Actual Overhead Costs

The real costs that a company incurs for its indirect materials, indirect labor, and other overhead expenses.

Direct Labour Cost

The wages and benefits paid to workers who are directly involved in the manufacturing process.

Manufacturing Overhead Applied

The allocation of overhead costs to the goods produced, based on a predetermined overhead rate.