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Bright Furnitures produces chairs and tables that go through M1 and M2. Making a 1 table and 1 chair takes the following time in hours:   TABLE CHAIR M1 7 4 M2 5 5   Total of 200 hours are available on M1 and 400 hours on M2. Profit contribution from the sale of a chair is P300 and from a table is P400. Requirement: Determine the optimal mix of tables and chairs so as to maximize the contribution. Use Excel Solver.

Bright Furnitures produces chairs and tables that go through M1 and M2. Making a 1 table and 1 chair takes the following time in hours:   TABLE CHAIR M1 7 4 M2 5 5   Total of 200 hours are available on M1 and 400 hours on M2. Profit contribution from the sale of a chair is P300 and from a table is P400. Requirement: Determine the optimal mix of tables and chairs so as to maximize the contribution. Use Excel Solver.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Bright Furnitures produces chairs and tables that go through M1 and M2. Making a 1 table and 1 chair takes the following time in hours:

  TABLE CHAIR
M1 7 4
M2 5 5

 

Total of 200 hours are available on M1 and 400 hours on M2. Profit contribution from the sale of a chair is P300 and from a table is P400.

Requirement: Determine the optimal mix of tables and chairs so as to maximize the contribution. Use Excel Solver.

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