Exhibit $1$ Lehigh Market SummaryRead the case "Lehigh Steel". Submit a write$-$up that applies the decision making framework in answering the following questions:Exhibit $1$ Lehigh Market Summary

$1)$ What is the key problem? $($What is the decision and what is the objective? What issues in the case make this decision difficult?$)$

$2)$ How should it be solved?

Here are some additional suggestions you may wish to include in your analysis:

$1.$ Compute profits for the five sample products under ABC and TOC. The attached spreadsheet Download spreadsheetcontains the data in the case.

$2.$ Identify the differences in assumptions between ABC and TOC. What assumptions seem inappropriate for Lehigh's business situation?

$3.$ How might you calculate profits in a way that corrects assumptions identified above that are inappropriate to Lehigh$$s business situation?

$4.$ Based on profit calculations and other business considerations, make recommendations for Lehigh$$s product mix in $1993.$