Question

Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company’s needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows:

Supplier | |||
---|---|---|---|

Component | 1 | 2 | 3 |

1 | $12 | $14 | $10 |

2 | $14 | $12 | $10 |

Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows:

Supplier | 1 | 2 | 3 |
---|---|---|---|

Capacity | 550 | 1025 | 850 |

If the Edwards production plan for the next period includes 1025 units of component 1 and 825 units of component 2, what purchases do you recommend? That is, how many units of each component should be ordered from each supplier? Round your answers to the nearest whole number. If your answer is zero, enter "0".

Supplier | |||
---|---|---|---|

1 | 2 | 3 | |

Component 1 | |||

Component 2 |

What is the total purchase cost for the components? Round your answer to the nearest dollar.

$

Answer #1

Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$12
$14
$10
2
$14
$12
$10
Each supplier has a limited capacity in terms of the total
number of components it can supply. However, as long as...

Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$12
$13
$10
2
$11
$12
$10
Each supplier has a limited capacity in terms of the total
number of components it can supply. However, as long as...

Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$12
$13
$10
2
$15
$12
$10
Each supplier has a limited capacity in terms of the total
number of components it can supply. However, as long as...

Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$10
$14
$13
2
$12
$12
$12
Each supplier has a limited capacity in terms of the total
number of components it can supply. However, as long as...

Problem 4-11 (Algorithmic)
Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$11
$12
$15
2
$11
$14
$11
Each supplier has a limited capacity in terms of the total
number of components it can supply. However,...

Problem 9-11 (Algorithmic)
Edwards Manufacturing Company purchases two component parts from
three different suppliers. The suppliers have limited capacity, and
no one supplier can meet all the company’s needs. In addition, the
suppliers charge different prices for the components. Component
price data (in price per unit) are as follows:
Supplier
Component
1
2
3
1
$11
$11
$13
2
$10
$12
$10
Each supplier has a limited capacity in terms of the total
number of components it can supply. However,...

Benson Manufacturing is considering ordering electronic
components from three different suppliers. The suppliers may differ
in terms of quality in that the proportion or percentage of
defective components may differ among the suppliers. To evaluate
the proportion defective components for the suppliers, Benson has
requested a sample shipment of 500 components from each supplier.
The number of defective components and the number of good
components found in each shipment is as
follows.
Supplier
Component
A
B
C
Defective
10
30...

Benson Manufacturing is considering ordering electronic
components from three different suppliers. The suppliers may differ
in terms of quality in that the proportion or percentage of
defective components may differ among the suppliers. To evaluate
the proportion of defective components for the suppliers, Benson
has requested a sample shipment of 500 components from each
supplier. The number of defective components and the number of good
components found in each shipment are as follows. Component
Supplier A B C Defective 15...

A large manufacturer purchases an identical component from three
independent suppliers that differ in unit price and quantity
supplied. The relevant data for 2012 and 2014 are given here.
Unit Price ($)
Supplier
Quantity (2012)
2012
2014
A
150
5.45
6.00
B
200
5.60
5.95
C
160
5.50
6.70
(a)
Compute the price relatives (index number) for each of the
component suppliers separately using 2012 as the base year. (Round
your answers to the nearest integer.)
Item
Price Relative
A...

A large manufacturer purchases an identical component from three
independent suppliers that differ in unit price and quantity
supplied. The relevant data for 2012 and 2014 are given here.
Unit Price ($)
Supplier
Quantity (2012)
2012
2014
A
150
5.45
6.00
B
200
5.60
5.95
C
160
5.50
6.20
(a)
Compute the price relatives for each of the component suppliers
separately. (Round your answers to the nearest integer.)
Item
Price Relative
A
B
C
Compute an unweighted aggregate price index...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 4 minutes ago

asked 8 minutes ago

asked 29 minutes ago

asked 44 minutes ago

asked 50 minutes ago

asked 56 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago