Each table requires 12 minutes of assembly time and 4 minutes of painting and finishing time.  Each chair requires 4 minutes of assembly time and 8 minutes of finishing and painting time.  Profit per table is $100, while profit pe

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Problem 2.  A small woodworking shop makes hand carved tables and chairs.  Each product goes through two stages of production.  Stage 1, the assembly stage, has 60 minutes available per shift.  The second stage, finishing and painting, has 40 minutes available per shift.  Each table requires 12 minutes of assembly time and 4 minutes of painting and finishing time.  Each chair requires 4 minutes of assembly time and 8 minutes of finishing and painting time.  Profit per table is $100, while profit per chair is $60.  Write the complete mathematical model for this problem.

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