factory manufactures three products, A, B, and C. Each product requires the use of two machines, Machine I and Machine II. The total hours available, respectively, on Machine I and Machine II per month are 5,690 and 10,700. The time requirements and profit per unit for each product are listed below. A B с Machine 39 7 Machine II 10 9 16 Profit $8 $14 $20 How many units of each product should be manufactured to maximize profit, and what is the maximum profit? Start by setting up the linear programming problem, with A, B, and C representing the number of units of each product that are produced. Maximize P subject to: = Enter the solution below. If needed round numbers of items to 1 decimal place and profit to 2 decimal places. The maximum profit is $ ≤ 5,690 ≤ 10,700 units of product A units of product B units of product C when the company produces:

factory manufactures three products, A, B, and C. Each product requires the use of two machines, Machine I and Machine II. The total hours available, respectively, on Machine I and Machine II per month are 5,690 and 10,700. The time requirements and profit per unit for each product are listed below. A B с Machine 39 7 Machine II 10 9 16 Profit $8 $14 $20 How many units of each product should be manufactured to maximize profit, and what is the maximum profit? Start by setting up the linear programming problem, with A, B, and C representing the number of units of each product that are produced. Maximize P subject to: = Enter the solution below. If needed round numbers of items to 1 decimal place and profit to 2 decimal places. The maximum profit is $ ≤ 5,690 ≤ 10,700 units of product A units of product B units of product C when the company produces:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 12EA: Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the...

See similar textbooks

Similar questions

Patz Company produces two types of machine parts: Part A and Part B, with unit contribution margins of 300 and 600, respectively. Assume initially that Patz can sell all that is produced of either component. Part A requires two hours of assembly, and B requires five hours of assembly. The firm has 300 assembly hours per week. Required: 1. Express the objective of maximizing the total contribution margin subject to the assembly-hour constraint. 2. Identify the optimal amount that should be produced of each machine part and the total contribution margin associated with this mix. 3. What if market conditions are such that Patz can sell at most 75 units of Part A and 60 units of Part B? Express the objective function with its associated constraints for this case and identify the optimal mix and its associated total contribution margin.
Consider the following production and cost data for two products, L and C: Product L Product C Contribution margin per unit Machine minutes needed per unit $120 10 minutes $112 8 minutes A total of 60,000 machine minutes are available each period and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period? Multiple Choice $840,000 $780,000 $720,000
3. Maxwell Company manufactures and sells three (3) product lines with contribution margin per unit and the required production time as follows: 12 Activity 2 *Property of STI Page 1 of 2 STI BM2021 см реr Machine hour per unit unit of product Product A P5.00 2.5 hours 3 hours 1 hour Product B 3.00 Product C 4.00 The company has a capacity of 20,000 machine hours a month. The market can absorb P4,000 units of product A, 6,000 units of B, and 10,000 units of C. a. Determine the contribution margin per hour of each product. b. What is the most profitable product line based on the contribution margin per machine hour? Justify your answer. c. Compute the maximum contribution margin for the month that will meet the conditions stated.
A company produces three products. A, B, and C. Two machines are used to produce the products. The contribution margins, sales demands, and time on each machine (in minutes) is as follows Demand Contribution Margin Time on M1 Time on M2 A 100 12 10 В 80 18 10 100 25 15 There are 2,400 minutes available on each machine during the week. How many units should be produced and sold of Product A to maximize the weekly contribution? Product A _units Product B_units Product C units n
hello, help please
Vishnu
FUT manufactures two products.. Both products require manufacturing operations in two departments: Product 1 2 Profit/Unit $25 $20 Labour Hours Dept. A 6 8 Labour Hours Dept. B 12 10 For the coming production period, FUT has available 900 hours of labor that can be allocated to either of the two departments. Find the production plan and labor allocation (hours assigned in each department) that will maximize profit. (Use Excel Solver)
Consider the following production and cost data for two products, Big and Little: Big Little Demand in units 6,000 10,000 Contribution margin per unit $24 $18 Machine-hours needed per unit 2 MH З МН Labor hours needed per unit 6 DLH 4 DLH The company has 36,000 direct labor hours available each period. What is the largest possible total contribution margin that can be realized each period? O $144,000 O $162,000 O $180,000 O $288,000
Consider the following production and cost data for two products, Big and Little: Big Little Demand in units 10,000 15,000 Contribution margin per unit $24 $18 Machine-hours needed per unit 4 MH 2 MH Labor hours needed per unit 6 DLH 4 DLH The company has 40,000 machine hours available each period. What is the maximum number of Bigs that should be made each period? O 10,000 2,500 O 5,500. O000
Consider the following production and cost data for two products, H and C: Product H $120 10 minutes Product C $112 8 minutes Contribution margin per unit Machine minutes needed per unit A total of 60,000 machine minutes are available each period and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period? Multiple Choice O $780,000 $1,560,000 $840,000 $720,000
Please help me. Thankyou.
Consider the following production and cost data: Product Q Product P Product K Contrib margin per unit $28 $30 $32 Machine minutes needed per unit 4 3 5 A total of 15,000 machine minutes are available each period.There is unlimited demand for each product.What is the largest possible total contribution margin that can be realized each period?