Question
Maddison is a trader in various cassava based products. The following data is available Chips Bammy Flour Selling Price Per Unit $30 $65 $80
Maddison is a trader in various cassava based products. The following data is available Chips Bammy Flour Selling Price Per Unit $30 $65 $80 Variable Costs Per Unit Material @$4 per Kg $12 $24 $32 Labour @ $5 per Hr $10 $15 $20 Maximum Demand 1000 1500 2,400 It has been noted that there is a shortage of cassava with an available amount of 25,200 kg. Required a. Determine the most ideal product mix given the shortage of the cassava ( 4 marks) b. What would be the ideal product mix if the firm had a pre-existing contract to supply 500 cassava chips to the National School Feeding Program. (6 marks)
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