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A Furniture Company Is Introducing a New Line of Executive

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A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires   hr,   hr, and   hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month? __________ units of model A, __________ units of model B, __________ units of model C What is the largest profit the company can realize? $ __________ Are there any resources left over? __________ hr left over in the fabrication department, __________ hr left over in the assembly department, __________ hr left over in the finishing department hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires   hr,   hr, and   hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month? __________ units of model A, __________ units of model B, __________ units of model C What is the largest profit the company can realize? $ __________ Are there any resources left over? __________ hr left over in the fabrication department, __________ hr left over in the assembly department, __________ hr left over in the finishing department hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires   hr,   hr, and   hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month? __________ units of model A, __________ units of model B, __________ units of model C What is the largest profit the company can realize? $ __________ Are there any resources left over? __________ hr left over in the fabrication department, __________ hr left over in the assembly department, __________ hr left over in the finishing department hr, A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires   hr,   hr, and   hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month? __________ units of model A, __________ units of model B, __________ units of model C What is the largest profit the company can realize? $ __________ Are there any resources left over? __________ hr left over in the fabrication department, __________ hr left over in the assembly department, __________ hr left over in the finishing department hr, and A furniture company is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models - A, B, and C - are to be marketed. Each model A desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model B desk requires   hr for fabrication, 1 hr for assembly, and 1 hr for finishing; each model C desk requires   hr,   hr, and   hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month? __________ units of model A, __________ units of model B, __________ units of model C What is the largest profit the company can realize? $ __________ Are there any resources left over? __________ hr left over in the fabrication department, __________ hr left over in the assembly department, __________ hr left over in the finishing department hr for fabrication, assembly, and finishing, respectively. The profit on each model A desk is $39, the profit on each model B desk is $42, and the profit on each model C desk is $31. The total time available in the fabrication department, the assembly department, and the finishing department in the first month of production is 265 hr, 176 hr, and 160 hr, respectively. To maximize company's profit, how many desks of each model should be made in the month?
__________ units of model A,
__________ units of model B,
__________ units of model C
What is the largest profit the company can realize? $ __________
Are there any resources left over?
__________ hr left over in the fabrication department,
__________ hr left over in the assembly department,
__________ hr left over in the finishing department

Understand how to calculate materials quantity variance.
Understand how to calculate labor rate variance.
Identify what constitutes a favorable (F) versus unfavorable (U) variance.
Understand how to calculate materials price variance.

Definitions:

Fireworks

Explosive devices used primarily for entertainment purposes, emitting light, noise, smoke, and various colors when ignited.

Guaranteed Insurability

An insurance policy feature that allows the policyholder to buy additional coverage without proof of insurability at designated times.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Insured

A person, company, or entity covered under an insurance policy to receive compensation for a specified loss or damage.

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