VictorLtd.isthetopproducerwiththehighestturnover.ThecompanyfollowedtheJITmanufacturingprocess,thushavingnoholdingstock.Manufacturingiscarriedoutwithoutanymajorcostconsequencesforthesizeof100unitsthatarenotaltered.Itemsareproducedinbatchesof100units andmarketedatretailpricesassingleunits.Thecompanyisforcedduetocompetitioninthebusiness.

Determination of Production Mix/ Production Planning A company is producing three products P, Q & R. Relevant information is given below: Product Raw material per unit (kg) Machine hours per unit (hours) Selling price per unit C) Maximum limit of production Unit p 20 3 500 1,500 12 5 400 1,50 30 4 800 750 Only 9,200 hours are available for production at a cost of '20 per hour and maximum 50,000 kgs. of material @ 20 per kg., can be obtained. (Only product mix quantities are to be shown, calculation of total profit at that product mix not required to be shown) Determination of Production Mix/ Production Planning A company is producing three products P, Q & R. Relevant information is given below: Product Raw material per unit (kg) Machine hours per unit (hours) Selling price per unit C) Maximum limit of production Unit p 20 3 500 1,500 12 5 400 1,50 30 4 800 750 Only 9,200 hours are available for production at a cost of '20 per hour and maximum 50,000 kgs. of material @ 20 per kg., can be obtained. (Only product mix quantities are to be shown, calculation of total profit at that product mix not required to be shown)