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JP Corp. makes three main products for the following selling price, cost, and labor requirement per unit. Demand of each product is also included below:
JP Corp. makes three main products for the following selling price, cost, and labor requirement per unit. Demand of each product is also included below: Selling price per unit Variable cost per unit Direct labor hours per unit Demand Product A Product B Product C $600 $300 $400 $350 $120 $360 5 3 2 1,000 2,000 500 a. In what order should JP prioritize production of the products? b. If only 9,000 direct labor hours are available due to a labor shortage, how many units of each product should be produced and sold in order to maximize profit
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