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A company produces three products, and is currently facing a labor shortage; only 3 , 2 0 0 hours are available this month. The selling
A company produces three products, and is currently facing a labor shortage; only hours are available this month. The selling prices, costs, labor requirements, and demand for the three products are as follows:
Required:
a In what order should the company prioritize production of the products?
b How many of each product should be produced during the labor shortage to maximize profit?
c What is the total contribution margin if production is prioritized according to its limited resources?
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Required B
Required C
In what order should the company prioritize production of the products?
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