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Warshaw Company Budgets Payroll at $3000 Per Month Plus a Percentage

question 39

Multiple Choice

Warshaw Company budgets payroll at $3000 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $12,600 with budgeted sales of $160,000. Sales for July are budgeted at $100,000 while purchases of inventory for July are budgeted at $1,000,000. Depreciation and insurance for July are estimated at $600 and $900, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2800 in equipment and $1100 in furniture is expected in July. If the percentage of monthly sales used in budgeting payroll increases 15%, what would the total payroll budgeted for July be?

Identify and apply constraints relevant to production departments (forming, rolling, sintering, painting, quality check).

Differentiate between binding and nonbinding constraints in optimization problems.

Comprehend the concept of a feasible solution in linear optimization.

Gain insights into the utilization of Solver in linear optimization for production and profit maximization.

Definitions:

Processor

The component of a computer that performs the interpretation and execution of instructions.

Lockout And Tagout Devices

Safety devices used to ensure that dangerous machines are properly shut off and not started up again before the completion of maintenance or servicing work.

PLC Maintenance

The process of inspecting, cleaning, and repairing a Programmable Logic Controller system to ensure its proper and efficient operation.

Programming Device Monitor

A tool or application used to observe and manage the behavior of a programming device, such as those used for embedded systems or PLCs.