February 22, 2011 1:53 PM Subscribe
If I know the number of widgets, number of days, and total budget, can I break down a per widget price?
posted by pencroft to Grab Bag (10 answers total)
Say my factory makes 3 types of widgets. Also say my factory was open for 30 days, and produced the following:
Widget A: 80 widgets, 21 days of production
Widget B: 50 widgets, 23 days of production
Widget C: 70 widgets, 12 days of production
Widgets are created on separate machines, and can all be produced concurrently.
I know that the total expenses for the factory is $1,000,000.
My question: can I get to an average price per widget by type?