Find the product mix that will produce the maximum profit.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Monoblocs, Inc. manufactures set-it-up-yourself furniture for students. He currently makes two products, bookcases and tables. Each bookcase contributes P240 to profits and each table, P200. Each product passes through two manufacturing departments, cutting and finishing. Bookcases take 4 hrs a unit in cutting and 4 in finishing. Table require 3 hours a unit in cutting and 5 in finishing. There are currently 40 hrs available in cutting and 30 in finishing. Find the product mix that will produce the maximum profit.

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