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Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (
Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times in minutes required on each machine are as follows.
Machine
Component Shaper Grinder
The shaper is available for hours, and the grinder is available for hours. No more than units of component can be sold, but up to units of each of the other components can be sold. In fact, the company already has orders for units of component that must be satisfied. The per unit selling price and per unit variable costs for each of the three components are as follows.
Component Selling Price Material Cost Labor Cost
$ $ $
$ $ $
$ $ $
a
For each component, calculate the profit margin in dollars, profit margin selling price material cost labor cost
component $
component $
component $
Formulate and solve for the recommended production quantities that will maximize contribution to profit.
component units
component units
component units
b
What are the objective coefficient ranges in dollars for the three components? If there is no upper or lower limit enter NO LIMIT. Round your answers to two decimal places.
component $ to $
component $ to $
component $ to $
c
What are the righthandside ranges? Use minutes for time. If there is no upper or lower limit enter NO LIMIT. Round your answers to the nearest integer.
shaper availability to
grinder availability to
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