Question 2A company produces two products in three departments. Details are shown below regarding the time per unit required in each department, the available hours in each department and the contribution per unit of each product: ResourcesProduct XProduct YAvailable hours hours per unithours per unit Department A81011,000Department B4109,000Department C12612,000Contribution per unit$4$8 There is unlimited demand for Product X, but demand for Product Y is limited to 600 units per annum. Requirement Determine, using a step-by-step approach, what the optimum production plan is.

The constraints and the objective function of a linear programming problem concerning how many units…

Answered: Question 2 A company produces two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question 2

A company produces two products in three departments. Details are shown below regarding the time per unit required in each department, the available hours in each department and the contribution per unit of each product:

Resources	Product X	Product Y	Available hours
	hours per unit	hours per unit
Department A	8	10	11,000
Department B	4	10	9,000
Department C	12	6	12,000
Contribution per unit	$4	$8

There is unlimited demand for Product X, but demand for Product Y is limited to 600 units per annum.

Requirement

Determine, using a step-by-step approach, what the optimum production plan is.

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