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Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) Use Scenario 5 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 6 3 2 8 $129 $98 285 180 Scenario 2 5 5 5 8 $209 $160 400 510 Scenario 3 4 3 6 6 $195 $119 900 500 Scenario 4 7 1 6 3 $48 $21 820 700 Scenario 5 8 4 8 8 $155 $189 377 298

Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) Use Scenario 5 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 6 3 2 8 $129 $98 285 180 Scenario 2 5 5 5 8 $209 $160 400 510 Scenario 3 4 3 6 6 $195 $119 900 500 Scenario 4 7 1 6 3 $48 $21 820 700 Scenario 5 8 4 8 8 $155 $189 377 298

Practical Management Science
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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Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) Use Scenario 5 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 6 3 2 8 $129 $98 285 180 Scenario 2 ԼՐ 5 5 5 8 $209 $160 400 510 Scenario 3 4 3 6 6 $195 $119 900 500 Scenario 4 7 1 6 3 $48 $21 820 700 Scenario 5 8 4 8 8 $155 $189 377 298
Transcribed Image Text:Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) Use Scenario 5 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 6 3 2 8 $129 $98 285 180 Scenario 2 ԼՐ 5 5 5 8 $209 $160 400 510 Scenario 3 4 3 6 6 $195 $119 900 500 Scenario 4 7 1 6 3 $48 $21 820 700 Scenario 5 8 4 8 8 $155 $189 377 298
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