Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maximization of Profit (Graphical Method) The Mariposa Furniture makes two products: tables and chairs, which must be processed through assembly and finishing departments. Assembly department

image text in transcribed

Maximization of Profit (Graphical Method) The Mariposa Furniture makes two products: tables and chairs, which must be processed through assembly and finishing departments. Assembly department is available for 60 hours in every production period, while the finishing department is available for 48 hours of work. Manufacturing one table requires 4 hours in the assembly and 2 hours in the finishing. Each chair requires 2 hours in the assembly and 4 hours in the finishing. One table contributes P180 to profit, while a chair contributes P100. The problem is to determine the number of tables and chairs to make per production period in order to maximize the profit. What is the profit? Minimization of Profit (Graphical Method) An animal food producer mixes two types of animal food: x and y. each unit of x costs P100 and contains 40 grams of fat, 20 grams of protein and 1,600 calories. Each unit of y cost P80 and contains 60 grams of fat, 60 grams of protein and 1,200 calories. Suppose the producer wants each unit of the final product to yield at least 360 grams of fat, at least 240 grams of protein and at least 9,600 calories, how many of each type of grain should the producer use to minimize his cost. What is the cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

What are the advantages and disadvantages of a sole proprietorship?

Answered: 1 week ago

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago