The Smith manufacturing company has estimated the following components for a new product.
Fixed cost =$47,500 Material cost per unit =$3.27 Labor cost per unit =$2.55 Price per unit
=$7.87 a. Implement an Excel spreadsheet model to show the resulting profit if the company
decides to make 20,000 units of the new product? Name this sheet as "Basic Model." [20] b.
Label and color the parameters, decision variable, and the objective function as discussed in
class. Your model layout should be neat as discussed. [10] c. At what production volume does
the breakeven occur? Show your answer in the spreadsheet. [5] d. Copy your basic model to a
separate sheet and construct a one-way data table to show how the profit changes as a function of
different production volumes. Vary the production volume from 5,000 to 50,000 in increments of
5,000. Name this sheet "One-Way Analysis." [5] e. Construct a two-way data table to show how
the profit changes as a function of different production volumes and different values of material
cost per unit. Vary the production volume from 5,000 to 50,000 in increments of 5,000 . Vary
material costs from $2.70 to $3.70 in increments of $0.10. [10].
Introduction to ArtificiaI Intelligence in Higher Education
The Smith manufacturing company has estimated the following component.pdf
1. The Smith manufacturing company has estimated the following components for a new product.
Fixed cost =$47,500 Material cost per unit =$3.27 Labor cost per unit =$2.55 Price per unit
=$7.87 a. Implement an Excel spreadsheet model to show the resulting profit if the company
decides to make 20,000 units of the new product? Name this sheet as "Basic Model." [20] b.
Label and color the parameters, decision variable, and the objective function as discussed in
class. Your model layout should be neat as discussed. [10] c. At what production volume does
the breakeven occur? Show your answer in the spreadsheet. [5] d. Copy your basic model to a
separate sheet and construct a one-way data table to show how the profit changes as a function of
different production volumes. Vary the production volume from 5,000 to 50,000 in increments of
5,000. Name this sheet "One-Way Analysis." [5] e. Construct a two-way data table to show how
the profit changes as a function of different production volumes and different values of material
cost per unit. Vary the production volume from 5,000 to 50,000 in increments of 5,000 . Vary
material costs from $2.70 to $3.70 in increments of $0.10. [10]
![The Smith manufacturing company has estimated the following components for a new product.
Fixed cost =$47,500 Material cost per unit =$3.27 Labor cost per unit =$2.55 Price per unit
=$7.87 a. Implement an Excel spreadsheet model to show the resulting profit if the company
decides to make 20,000 units of the new product? Name this sheet as "Basic Model." [20] b.
Label and color the parameters, decision variable, and the objective function as discussed in
class. Your model layout should be neat as discussed. [10] c. At what production volume does
the breakeven occur? Show your answer in the spreadsheet. [5] d. Copy your basic model to a
separate sheet and construct a one-way data table to show how the profit changes as a function of
different production volumes. Vary the production volume from 5,000 to 50,000 in increments of
5,000. Name this sheet "One-Way Analysis." [5] e. Construct a two-way data table to show how
the profit changes as a function of different production volumes and different values of material
cost per unit. Vary the production volume from 5,000 to 50,000 in increments of 5,000 . Vary
material costs from $2.70 to $3.70 in increments of $0.10. [10]](https://image.slidesharecdn.com/thesmithmanufacturingcompanyhasestimatedthefollowingcomponent-230330215816-91ef166f/85/The-Smith-manufacturing-company-has-estimated-the-following-component-pdf-1-320.jpg)
