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USE OF LIMITED RESOURCES-SINGLE CONSTRAINT. Bush manufacturing has the following labor hours available for producing M and N: 26,000 - Total Direct labor hours available.

USE OF LIMITED RESOURCES-SINGLE CONSTRAINT.

Bush manufacturing has the following labor hours available for producing M and N: 26,000 - Total Direct labor hours available. Consider the following information:

M N

Required Labor per unit hours 3 2

Maximum demand in units 8,000 7,000

Contribution margin per unit 12 6

What is the optimal product mix (how many M and N should be produced?) Explain your answer and show computations.

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