Kinnane's Fine Furniture manufactures two models, Standard and Premium. Weekly demand is estimated to be 106 units of the Standard Model and 74 units of the Premium Model. The following per unit data apply: StandardPremium Contribution margin per unit$21$24 Number ofmachine−hoursrequired36 If there are 495machine−hoursavailable per week, how many rockers of each model should KInnance produce to maximize profits?

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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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Kinnane's Fine Furniture manufactures two models, Standard and Premium. Weekly demand is estimated to be 106 units of the Standard Model and 74 units of the Premium Model. The following per unit data apply:

	Standard	Premium
Contribution margin per unit	$21	$24
Number of machine−hours required	3	6

If there are 495

machine−hours

available per week, how many rockers of each model should KInnance produce to maximize profits?

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