Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 . 1 CT Fumniture Company makes wooden picnic tables and chairs to sell to various stores. These stores request both finished and unfinished furniture.

2.1 CT Fumniture Company makes wooden picnic tables and chairs to sell
to various stores. These stores request both finished and unfinished
furniture. To make this furniture, CT must purchase the wood by the board
foot. It takes 25 board feet to make one table and 10 board feet to make
one chair. Each board foot must be purchased for $2, and up to 10,000
board feet can be purchased . It takes 4 hours to make an unfinished table
and 2 hours to make an unfinished chair. To finish an unfinished table (by
priming, sealing, and painting it), it takes an additional 8 hours, while it
takes 6 hours to finish an unfinished chair. A total of 2500 hours are
available, which can be proportioned as necessary. We can assume that all
pieces of furniture produced can be sold at the following prices: $80 for
unfinished table, $120 for finished table, $30 for unfinished chair, and $55
for a finished chair. In addition, due to typical demand, we know that, for
every table produced, at least 2 chairs must be produced. If we have
special orders that must be filled, calling for at least 200 tables and 450
chairs to be sold, determine how much of each type of fumniture to produce
in order to maximize CT's profit.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transport Operations

Authors: Allen Stuart

2nd Edition

978-0470115398, 0470115394

More Books

Students also viewed these General Management questions