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. You must make 5 or more chairs for every table. Your answer will be the number of small pieces of wood by your production plan. (The number of tables and chairs must be a whole number.) Use Scenario 2 Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 4 2 2 4 $42 $29 400 500 Large wood per Table 6 Small wood per Table 6 Large wood per Chair 2 Small wood per Chair 4 Revenue per Table $35 Revenue per Chair $29 Large wood inventory 300 Small wood inventory 500 8 4 3 5 $88 $45 880 775 8 4 1 4 $75 $33 665 1,400 . 6 1 1 6 $95 $49 900 1,000

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. You must make 5 or more chairs for every table. Your answer will be the number of small pieces of wood by your production plan. (The number of tables and chairs must be a whole number.) Use Scenario 2 Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 4 2 2 4 $42 $29 400 500 Large wood per Table 6 Small wood per Table 6 Large wood per Chair 2 Small wood per Chair 4 Revenue per Table $35 Revenue per Chair $29 Large wood inventory 300 Small wood inventory 500 8 4 3 5 $88 $45 880 775 8 4 1 4 $75 $33 665 1,400 . 6 1 1 6 $95 $49 900 1,000

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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