Formulate a spreadsheet model and solve using Solver. Determine the following: a. Optimal quantity of Classic model produce per day = cabinets b. Optimal quantity of Modern model produce per day = cabinets c. Total hours used in carpentry department = hours d. Total hours used in painting department = hours e. Total hours used in finishing department = hours f. Maximum Revenue = $

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Finest Furniture manufactures two different types of china cabinets: a Classic model and a Modern model. Each cabinet produced must go
through three departments: carpentry, painting, and finishing. The table below contains all relevant information concerning production
times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a
contract with a Indiana distributor to produce a minimum of 300 of each cabinet model per week (or 60 each per day). The owner would
like to determine a product mix to maximize the daily revenue.
CARPENTRY
NET REVENUE/
CABINET STYLE
PAINTING (HRS/CABINET)
FINISHING (HRS/CABINET)
(HRS/CABINET)
CABINET ($)
Classic
3
1.5
0.75
28
Modern
2
1
0.75
25
Department Capacity (HRS)
360
200
125
Formulate a spreadsheet model and solve using Solver. Determine the following:
a. Optimal quantity of Classic model produce per day =
cabinets
b. Optimal quantity of Modern model produce per day =
cabinets
c. Total hours used in carpentry department =
hours
d. Total hours used in painting department =
hours
e. Total hours used in finishing department =
hours
f. Maximum Revenue = $
Transcribed Image Text:Finest Furniture manufactures two different types of china cabinets: a Classic model and a Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table below contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with a Indiana distributor to produce a minimum of 300 of each cabinet model per week (or 60 each per day). The owner would like to determine a product mix to maximize the daily revenue. CARPENTRY NET REVENUE/ CABINET STYLE PAINTING (HRS/CABINET) FINISHING (HRS/CABINET) (HRS/CABINET) CABINET ($) Classic 3 1.5 0.75 28 Modern 2 1 0.75 25 Department Capacity (HRS) 360 200 125 Formulate a spreadsheet model and solve using Solver. Determine the following: a. Optimal quantity of Classic model produce per day = cabinets b. Optimal quantity of Modern model produce per day = cabinets c. Total hours used in carpentry department = hours d. Total hours used in painting department = hours e. Total hours used in finishing department = hours f. Maximum Revenue = $
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