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A furniture company manufactures tables and chairs. A table requires 4 5 board - feet of wood, and a chair requires 2 0 board -
A furniture company manufactures tables and chairs. A table requires boardfeet of wood, and a chair requires boardfeet of wood. Wood can be purchased at a cost of $ per boardfoot, and boardfeet of wood are available for purchase. It takes hours of skilled labor to manufacture an unfinished table or an unfinished chair. Then more hours of skilled labor will turn an unfinished table into a finished table, and more hours of skilled labor will turn an unfinished chair into a finished chair. A total of hours of skilled labor is available and have already been paid for All furniture produced can be sold at the following unit prices: an unfinished table, $; a finished table, $; an unfinished chair, $; and a finished chair, $
a Determine how to maximize the companys profit from manufacturing tables and chairs. USE EXCEL SOLVER and the following template Manufacturing tables and chairs
Board feet required per unit
Cost per board foot
Labor hours per unfinished unit
Additional labor hours to finish
Unfinished
Finished
Table Chair
Numbers to produce
Number finished
Number sold unfinished
Total labor hours used
Labor hours available
Cost of wood
Revenues
Finished
Unfinished
Profit
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