Question
The Vermont Furniture Company produces three products chairs, tables and professors desks. The company has limited labor - only 20,000 hours are available this month.
- The Vermont Furniture Company produces three products chairs, tables and professors desks. The company has limited labor - only 20,000 hours are available this month.
|
| Chairs | Tables | Professors Desks |
| Selling price | $100 | $200 | $500 |
| Variable cost per unit | $40 | $130 | $250 |
| Direct labor hours per unit | 4 | 8 | 10 |
| Demand (units) | 2,000 | 3,000 | 800 |
Required:
How many of each product should be sold to maximize profit?
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Accounting And Finance
Authors: Michael J. Jones
1st Edition
1118932072, 9781118932070
