Question.1. A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours for assembly and 32 hours for finishing work per day. Manufacturing of a bed requires 4 hours for assembly and 2 hours in finishing. Similarly, a pillow requires 2 hours for assembly and 4 hours for finishing. Profitability analysis indicates that every bed would contribute Rs.80, while a pillow contribution is Rs.55 respectively. Find out the daily production of the company to maximize the contribution (profit).
Question.1. A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours for assembly and 32 hours for finishing work per day. Manufacturing of a bed requires 4 hours for assembly and 2 hours in finishing. Similarly, a pillow requires 2 hours for assembly and 4 hours for finishing. Profitability analysis indicates that every bed would contribute Rs.80, while a pillow contribution is Rs.55 respectively. Find out the daily production of the company to maximize the contribution (profit).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Question.1. A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours for assembly and 32 hours for finishing work per day. Manufacturing of a bed requires 4 hours for assembly and 2 hours in finishing. Similarly, a pillow requires 2 hours for assembly and 4 hours for finishing. Profitability analysis indicates that every bed would contribute Rs.80, while a pillow contribution is Rs.55 respectively. Find out the daily production of the company to maximize the contribution (profit).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.