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15. Optimization of scarce resource. Dragon Ball Corporation is considering to produce the following products and other relevant information: Goco Gojan Goteng Unit sales price

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15. Optimization of scarce resource. Dragon Ball Corporation is considering to produce the following products and other relevant information: Goco Gojan Goteng Unit sales price P 100 P 140 P 210 Unit variable cost 60 100 100 Unit direct labor cost 10 20 40 The direct labor rate per hour is P5 and only 12,000 hours of the direct labor time an available. Required: 1. Assuming the market for each product is unlimited, which product should the company produce and how much should this product earn? 2. Assuming the demand for product Goco is 4,000 units and the other products have no market limits, what is the optimum product mix to maximize profit? 3. Assuming that the unit variable cost for product Gojan could be reduced to P52 and the market demand for product Gojan is 2,000 units while the other products have unlimited market, determine the optimum product mix to maximize profit

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