. Scarce Resource Decision. The Soma Company can produce three different products: Able, Baker, and Charlie. Because of unusual demand, all orders cannot be filled. Fixed costs allocations are based on production time. Soma has 2,000 hours of production time.

\section*{Required:}
1. Assume that Soma must produce at least 500 units of each product. What should be produced?
2. Assume that Soma can sell only 3,000 units of each product. What priorities should be set for Soma to maximize profits?

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Able Baker Charlie Sales price. $ 50 $ 40 $ 30 Variable costs 30 25 20 Fixed costs 10 10 10 Production time per unit. 0.8 hour 0.5 hour 0.2 hour