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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. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 2 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 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000

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 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 2 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 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000

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. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 2 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 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000
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. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 2 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 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000
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