Compute total minimum cost


PROBLEM:

The Bunker Manufacturing firm has five employees and six machines and wants to assign the employees to the machines to minimize cost. A cost table showing the cost incurred by each employee on each machine follows:

Machine
Employee    A       B      C       D      E    F
1               $12    $7    $20    $14    $8    $10
2                10    14      13      20     9    11
3                 5      3        6        9     7    10
4                 9     11       7       16     9    10
5                10     6       14       8     10    12

Because of union rules regarding departmental transfers, employee 3 cannot be assigned to machine E, and employee 4 cannot be assigned to machine B. Using Excel, solve this problem, indicate the optimal assignment, and compute total minimum cost.

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Accounting Basics: Compute total minimum cost
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