Use the Table Below to Answer the Following Question(s)

question 40

Multiple Choice

Use the table below to answer the following question(s) .
Remington Textiles has a mill that produces three types of fabrics on a make-to-order basis.The mill operates on a 24/7 basis.The key decision facing the plant manager is about the type of loom needed to process each fabric during the coming 12 weeks to meet demands for the three fabrics and not exceed the capacity of the looms in the mill.Two types of looms are used: Jaquard and Northrop.Jaquard looms can be used to make all fabrics and are the only looms that can weave certain fabrics, such as plaids.Demands, variable costs for each fabric, and production rates on the looms are given in the table below.The mill has 10 Northrop looms and 2 Jaquard looms.Any fabrics that cannot be woven in the mill because of limited capacity will be purchased from an external supplier, finished at the mill, and sold at the selling price.In addition to determining which looms to use to process the fabrics, the manager also needs to determine which fabrics to buy externally.

Answer the following questions using a linear optimization model.
-According to the model, what is the total amount of Fabric 1 to be purchased?

• A)27,420.8
• B)50,000
• C)22,579.2
• D)32,595

Understand the concepts and calculations related to standard cost systems.

Analyze and compute direct materials variances, including price and quantity variances.

Analyze and compute direct labor variances, including rate and efficiency variances.

Identify and calculate variable manufacturing overhead variances, including rate and efficiency variances.

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Definitions:

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a surface within or outside of the body.

Adrenal Glands

Small glands located on top of each kidney that produce a variety of hormones including adrenaline and cortisol, which help regulate metabolism, immune system, blood pressure, response to stress, and other essential functions.

Epinephrine

A neurotransmitter and hormone referred to as adrenaline, which plays a crucial role in the body's response to stress or danger.

Bloodstream

The flowing body fluid that circulates through the heart, arteries, capillaries, and veins, carrying oxygen and nutrients to and waste materials away from all body tissues.