Question
A firm produces 5 different products from a single raw material. Raw material is available in abundance at Rs. 6 per kg. The labor rate
A firm produces 5 different products from a single raw material. Raw material is available in abundance at Rs. 6 per kg. The labor rate is Rs. 8 per hour for all products. The plant capacity is 21000 labor hours for the budget period. Production facilities can produce all the products. The factory overhead rate is Rs. 8 per hour, comprising Rs. 5.60 per houra as fixed overhead and Rs, 2.40 per hour as variable overhead. The selling commission is 10% of the product price. Formulate the linear programming models to maximize the company's profit, on the basis of following information
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