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Dear Sir, Thank you for your support, some questions i have as follow
(Q-1) In the Exa#01, of study note two requirements are there
2) Maximum contribution – the answer is $225 per week (as shown in lecture) but
1) Optimal Production Plan – Could you pls tell me what is the answer for that (where did you mentioned it in lecture ?)(Q-2) In this example only two products are there so we draw the graph putting both the product in x & y axes.
What if there are more than 2 products, how can we draw the graph and explain it ?(Q-3) Do i need to show ISO-Contribution line in exam ? or only if required in q.paper ?
1. The optimum production is 5 executive chairs and 30 standard chairs per week.
(It certainly is mentioned in the lecture – about 38 minutes into the lecture! It is also written in the printed answer at the end of the Lecture Notes)2. You cannot be asked to deal with more than 2 products – it would need a different technique which is not in the syllabus.
3. Yes – if the graph is required then you will be expected to show the iso-contribution line.
Dear Sir,
Thank you for answering my queries. i am really enjoying the lectures and the way you explain is very easy to understand quickly. Thanks for that.
Sir, i want to sit in March exams for F5. untill now i have completed costing methods. is it possible to complete the rest of the course in two months as i am not a full time student.
Thanks agains for your precious support.
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