Example 6: ABC Ltd. makes two produces, Alpha and Beta. The company made a 500,000 profit last proposes an identical plan for the coming year. The relevant data for last year are summarized in Table 1. year and Table 1: Actual for last year Product Beta Actual production and sales (units) Alpha 20,000 40,000 Total costs per unit 20 40 Selling price per unit (25% on cost) 25 50 2 1 Machining time per unit (hours) Potential demand at above selling prices (units) 30,000 50,000 Fixed costs were 4,80,000 for the year, absorbed on machining hours which were fully utilized for the production achieved. You are required to calculate the plan to maximize profits for the coming year based on the data and selling prices in Table 1. Example 6: ABC Ltd. makes two produces, Alpha and Beta. The company made a 500,000 profit last proposes an identical plan for the coming year. The relevant data for last year are summarized in Table 1. year and Table 1: Actual for last year Product Beta Actual production and sales (units) Alpha 20,000 40,000 Total costs per unit 20 40 Selling price per unit (25% on cost) 25 50 2 1 Machining time per unit (hours) Potential demand at above selling prices (units) 30,000 50,000 Fixed costs were 4,80,000 for the year, absorbed on machining hours which were fully utilized for the production achieved. You are required to calculate the plan to maximize profits for the coming year based on the data and selling prices in Table 1