Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question no 5988681. please answer on excel instead of hand written I need the answer as soon as possible Please. And I will Give Upvote

question no 5988681. please answer on excel instead of hand written I need the answer as soon as possible Please. And I will Give Upvote

image text in transcribed

A company manufactures outdoor furniture consisting of regular chairs, rocking chairs, and chaise lounges. Each piece of furniture passes through three different production departments: fabrication, assembly, and finishing. Each regular chair takes 1 hour to fabricate, 2 hours to assemble, and 3 hours to finish. Each rocking chair takes 2 hours to fabricate, 2 hours to assemble, and 3 hours to finish. Each chaise lounge takes 3 hours to fabricate, 4 hours to assemble, and 2 hours to finish. There are 2.500 labor-hours available in the fabrication department, 3,000 in the assembly department, and 3,500 in the finishing department. The company makes a profit of $17 on each regular chair, $24 on each rocking chair, and $31 on each chaise lounge. (A) How many chairs of each type should the company produce in order to maximize profit? What is the maximum profit? (B) Discuss the effect on the optimal solution in part (A) if the profit on a regular chair is increased to $25 and all other data remain the same. () Discuss the effect on the optimal solution in part (A) if the available hours on the finishing department are reduced to 3,000 and all other data remain the same

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

Auditing And Assurance Services Plus Pearson MyLab Accounting With Pearson EText

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

17th Global Edition

1292312106, 978-1292312101

More Books

Students also viewed these Accounting questions