Four Products (1, 2, 3, and 4) Must Be Processed

question 2

Multiple Choice

Four products (1, 2, 3, and 4) must be processed on one of the four machines (A, B, C, and D) . The times required in minutes for each product on each machine are shown below. If management wishes to assign products to machines so that the total time to complete all the products is minimized, then Product 4 is assigned to

• A) machine A.
• B) machine B.
• C) machine C.
• D) machine D.

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Definitions:

Operating Costs

Operating costs, or operating expenses, are the costs required for the day-to-day maintenance and administration of a business.

Financial Position

The status of a company or individual's assets, liabilities, and equity at a specific point in time, summarizing the economic resources and obligations.

EBIT

Earnings Before Interest and Taxes - a measure of a firm's profitability that excludes interest and income tax expenses.

Accounts Payable

Accounts Payable is the amount of money a company owes its suppliers for goods or services received but not yet paid for.