What is the total production cost


Discuss the below:

Q: Lockport Marine Services, Inc. wishes to assign a set of jobs to a set of machines. The following table provides data on the cost of production of each job when performed on a specific machine.

(a) Determine the set of assignments that minimizes production cost.

(b) What is the total production cost of your assignments?

Machine

Job A   B  C D

1    27 29 28 30

2   30 29 27 26

3   31 25 29 26

4   29 31 25 28

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Accounting Basics: What is the total production cost
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