AQ2016 MDCL - Sample Assessment 2 Question 8 (a)

I keep getting 1784.99 for the maximum profit and the answer is showing 1785... it says show answers to two decimal places - help?

Comments

  • erykfrechowicz88erykfrechowicz88 Posts: 7AAT Student, AATQB
    Maximum profit resulting from optimal plan would be:
    Cost per unit x units optimal plan for every product X Y Z in total in £2540
    less Fixed cost per unit x sales demand

    0.43 x 407 for prod. X
    0.50 x 600 for Y
    0.70 x 400 for Z

    so 2540 - 755 = 1785
  • JonJon Posts: 8Registered
    I know so 0.43 x 407 = 175.01
    0.5 x 600 = 300
    0.7 x 400 = 280
    175.01 + 300 + 280 = 755.01

    2540-755.01 = 1784.99
  • Yalda20Yalda20 Posts: 77Registered
    I was suck with this question too but the exam was much harder than this. It is helpful though cheers :)
  • JonJon Posts: 8Registered
    This still hasn't been answered! Lol
  • Yalda20Yalda20 Posts: 77Registered
    oh sorry I thought it has. I didnt pay much attention to the answer lol! have you done this exam yet?
  • Paulasw1Paulasw1 Posts: 23Registered
    hi, how did you get the figure for production per unit 200 , 600, 400 ?
  • BesarBBesarB Posts: 14Registered
    the fixed cost for product x is not £0.43 per unit, is £0.875 because we are producing 200 units and not 407 so 0.43*407=175.01/200=0.875.
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