The Big Sky Furniture Co. manufactures two products, benches and picnic tables. The company has two main resources: carpenters (labor force) and a supply of redwood. During the next production cycle, 1,200 hours of labor are available under the union agreement. The firm also has a stock of 3,500 board fee of redwood. Each bench produced requires 4 labor hours and 10 board feet of redwood; each picnic table takes 6 labor hours and 35 board feet of redwood. Completed benches yield a profit of $100 each and the tables yield a profit of $150 each. How many benches and tables should Big Sky Furniture makes to obtain the largest possible profit? Name this tab LP2_4 in your Excel Workbook. How many tables should be made to maximize profits?
The Big Sky Furniture Co. manufactures two products, benches and picnic tables. The company has two main resources: carpenters (labor force) and a supply of redwood. During the next production cycle, 1,200 hours of labor are available under the union agreement. The firm also has a stock of 3,500 board fee of redwood. Each bench produced requires 4 labor hours and 10 board feet of redwood; each picnic table takes 6 labor hours and 35 board feet of redwood. Completed benches yield a profit of $100 each and the tables yield a profit of $150 each. How many benches and tables should Big Sky Furniture makes to obtain the largest possible profit? Name this tab LP2_4 in your Excel Workbook. How many tables should be made to maximize profits?
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...
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| The Big Sky Furniture Co. manufactures two products, benches and picnic tables. The company has two main resources: carpenters (labor force) and a supply of redwood. During the next production cycle, 1,200 hours of labor are available under the union agreement. The firm also has a stock of 3,500 board fee of redwood. Each bench produced requires 4 labor hours and 10 board feet of redwood; each picnic table takes 6 labor hours and 35 board feet of redwood. Completed benches yield a profit of $100 each and the tables yield a profit of $150 each. How many benches and tables should Big Sky Furniture makes to obtain the largest possible profit? |
| Name this tab LP2_4 in your Excel Workbook. |
| How many tables should be made to maximize profits? |
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