Four Jobs Must Be Assigned to Four Work Centers

question 28

Essay

Four jobs must be assigned to four work centers.Only one job can be assigned to each work center,and all jobs must be processed.The cost of processing each job at each work center is shown below.Determine which jobs should be assigned to which work center to minimize total processing cost.Compute the total processing cost.​
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Definitions:

Replacement Cost

The cost to replace an asset with another of similar function and quality at current prices.

Net Realizable Value

The estimated selling price of goods, minus the estimated cost of completion and any costs necessary to make the sale.

Retained Earnings

Profits that a company keeps or retains rather than distributing to shareholders as dividends, often used for reinvestment.

Overstated

The description of financial statements or figures that have been reported at amounts higher than is factual or realistic.