Volmer Manufacturing makes the commonents for sale to retration companies. The components are processed on two machines a super and grinder. The times in minutes) required on each machine areas Follows Machine Shaper Grinder Component 1 2 6 4 4 3 4 2 The shaper is wie for 120 hours and the der for 110 hour. No more than 200 units of component can be sold, but up to 1.000 units of component and up to 1,000 units of component 2 can be in fact, the company way has orders for con units of composent that must be satisfied. The per unit veling on and per unit variable costs for each of the three components and follows: Component Selling price Material Cost 1 512 55 2 310 Labor Cost $22 ta) For each component, calculate the profit margin (profit magn seng price material cost-labor cost), Coronel Component 2:1 Component Formulate and solve the model to determine the main profit. If the corris 1, it must be entered in the box. If an amount is entero units of component manufacut City of component ma/actured units of component manufactured CE 5 Select your answer ES Shaper 3 Curs of component 2 manufactured C units of component manufactured Max X C st C C) 26 Select your answer Shaper C . 3 3 Select your answer 03 O 8 Select your answer Maximum units of component 83 G Select your answer Maximum units of component 3 3 3 83 Select your answer Maximum units of component 8 Select your answer Minimum units of componenti C.C. Select your answer Maximum profits b) What are the objective contents ranges for the three components required, round your answers to two decimal places Variable Objective Coefficient Range C Select your answer to select your answer Select your answer to-Select your answer to-Select your answer Select your answer aterpret these anoes for company management Individual changes in the set coelcents Select your answer these ranges will not chun a change the optimal number of components to produce (c) What are the right hand side angest Constraint Right-Hand-Side Range Select your ne to-Select your answer e 2 - Select your answer to - Select your answer (b) What are the objective coefficients ranges for the three components required, round your answers to two decimal places Variable Objective Coefficient Range C Select your answer Select your answer - Select your answer Select your answer Select your answer Select your answer Interpret these ranges for company management Individual changes in the profit coefficients - Select your answer these ranges will not use a change in the optimal number of components to produce (c) What are the right hand side ranges Constraint Right-Hand-Side Range 1 - Select your answer Select your answer 2 Select your answer Select your answer Interpret these ranges for company management. These are the ranges over which the shadow price for the cated constraints - Select your answer aplicable (d) of more time could be made avaiable on the grinder, how much would it be worth? Explain. Select your answer y because the constraint related to the time available on the prinder Select your answer binding (e) if mure units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? - Select your answer because the production of component 3 would be Select your answer Select your answer of component would be produced, profitable than the production of the other two components and at the reduced Volmer Manufacturing makes the commonents for sale to retration companies. The components are processed on two machines a super and grinder. The times in minutes) required on each machine areas Follows Machine Shaper Grinder Component 1 2 6 4 4 3 4 2 The shaper is wie for 120 hours and the der for 110 hour. No more than 200 units of component can be sold, but up to 1.000 units of component and up to 1,000 units of component 2 can be in fact, the company way has orders for con units of composent that must be satisfied. The per unit veling on and per unit variable costs for each of the three components and follows: Component Selling price Material Cost 1 512 55 2 310 Labor Cost $22 ta) For each component, calculate the profit margin (profit magn seng price material cost-labor cost), Coronel Component 2:1 Component Formulate and solve the model to determine the main profit. If the corris 1, it must be entered in the box. If an amount is entero units of component manufacut City of component ma/actured units of component manufactured CE 5 Select your answer ES Shaper 3 Curs of component 2 manufactured C units of component manufactured Max X C st C C) 26 Select your answer Shaper C . 3 3 Select your answer 03 O 8 Select your answer Maximum units of component 83 G Select your answer Maximum units of component 3 3 3 83 Select your answer Maximum units of component 8 Select your answer Minimum units of componenti C.C. Select your answer Maximum profits b) What are the objective contents ranges for the three components required, round your answers to two decimal places Variable Objective Coefficient Range C Select your answer to select your answer Select your answer to-Select your answer to-Select your answer Select your answer aterpret these anoes for company management Individual changes in the set coelcents Select your answer these ranges will not chun a change the optimal number of components to produce (c) What are the right hand side angest Constraint Right-Hand-Side Range Select your ne to-Select your answer e 2 - Select your answer to - Select your answer (b) What are the objective coefficients ranges for the three components required, round your answers to two decimal places Variable Objective Coefficient Range C Select your answer Select your answer - Select your answer Select your answer Select your answer Select your answer Interpret these ranges for company management Individual changes in the profit coefficients - Select your answer these ranges will not use a change in the optimal number of components to produce (c) What are the right hand side ranges Constraint Right-Hand-Side Range 1 - Select your answer Select your answer 2 Select your answer Select your answer Interpret these ranges for company management. These are the ranges over which the shadow price for the cated constraints - Select your answer aplicable (d) of more time could be made avaiable on the grinder, how much would it be worth? Explain. Select your answer y because the constraint related to the time available on the prinder Select your answer binding (e) if mure units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? - Select your answer because the production of component 3 would be Select your answer Select your answer of component would be produced, profitable than the production of the other two components and at the reduced