Craftsman Ltd purchases wooden planks at R250 each, where after an employee, normally takes two hours to make a chair from this wood. Employees are compensated at an hourly rate of R200. The employee, however, engaged in a strike in an attempt to secure better wages and therefore took five hours to complete a chair. During the manufacturing of the chair, 25 nails at a cost of R3 each, is needed.REQUIRED:The cost of inventory, for one chair, will be?

Furniture Co manufactures furniture and incurred the following costs during January:Timber$    25,000Paint$      5,000Wages—assembly personnel DL$    20,000Wages—factory supervisor DL$      3,500Factory cleaner's wages MOH$      2,000Sales commissions$    10,000Administrative staff salaries$      4,000Depreciation—factory equipment MOH$      3,000Depreciation—sales office equipment$      1,000Utilities, insurance—factory MOH$      6,000Utilities, insurance—sales office$      2,000Advertising$      8,000Total costs$    89,500The conversion costs are:

A craft furniture manufacturer produces round kitchen tables (X1) and matching chairs (X2) in its workshop from 600 board feet of oak.  Each table requires 30 hours of labor and each chair requires 18 hours, and there are 480 hours of labor available.  Each table requires 40 board feet and each chair requires 15 board feet.  A table provides $575 in profit and each chair provides $120 in profit.  In the integer programming model formulation for this problem, if each table requires 6 chairs to go with it, but additional chairs can be made and sold separately, this constraint, in proper form for computer solution, could be written as:Group of answer choices6X1 + X2  0X1 + 6X2  06X1 – X2  0X1 + X2 6

Assume Logan agrees on September 5 to sell 100 units of wooden chairs to a furniture shop, to be delivered on December 10 for $50 per unit. However, Logan refuses to deliver the contracted chairs because the market price on December 10 was $80 per unit. If true, the furniture shop can recover _______ in damages from Logan.Multiple choice question.$1000$3000$50$80

Mr. Carpenter devotes his working time to producing tables and chairs. An increase in the demand for chairs will result in aan increase in the amount of time he devotes to producing tables ba decrease in his total revenue ca decrease in the price of chairs dan increase in his opportunity cost of producing tables ea decrease in the price of lumber

You inherit your grandmother's antique rocking chair and would like to sell it to an antique dealer. You are willing to sell the rocking chair for as little as $150. The antique dealer offers you $500. What is your producer surplus?