Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements).

image text in transcribed
image text in transcribed
Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) \begin{tabular}{|l|r|r|r|r|r|} \hline & 1 & 2 & 3 & 4 & 5 \\ \hline LargewoodperTable & 6 & 5 & 4 & 7 & 8 \\ \hline SmallwoodperTable & 3 & 5 & 3 & 1 & 4 \\ \hline LargewoodperChair & 2 & 5 & 6 & 6 & 8 \\ \hline SmallwoodperChair & 8 & 8 & 6 & 3 & 8 \\ \hline RevenueperTable & $129 & $209 & $195 & $48 & $155 \\ \hline RevenueperChair & $98 & $160 & $119 & $21 & $189 \\ \hline Largewoodinventory & 285 & 400 & 900 & 820 & 377 \\ \hline Smallwoodinventory & 180 & 510 & 500 & 700 & 298 \\ \hline \end{tabular} Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. Your answer will be the number of small wood pieces used by your production plan. (The number of tables and chairs may not be a whole number, which is acceptable in this problem; the number of pieces of wood should be rounded up the next highest whole number.) \begin{tabular}{|l|r|r|r|r|r|} \hline & 1 & 2 & 3 & 4 & 5 \\ \hline LargewoodperTable & 6 & 5 & 4 & 7 & 8 \\ \hline SmallwoodperTable & 3 & 5 & 3 & 1 & 4 \\ \hline LargewoodperChair & 2 & 5 & 6 & 6 & 8 \\ \hline SmallwoodperChair & 8 & 8 & 6 & 3 & 8 \\ \hline RevenueperTable & $129 & $209 & $195 & $48 & $155 \\ \hline RevenueperChair & $98 & $160 & $119 & $21 & $189 \\ \hline Largewoodinventory & 285 & 400 & 900 & 820 & 377 \\ \hline Smallwoodinventory & 180 & 510 & 500 & 700 & 298 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audits A Workbook For Energy Management In Buildings

Authors: Tarik Al-Shemmeri

1st Edition

0470656085, 978-0470656082

More Books

Students also viewed these Accounting questions

Question

What is HTTPS?

Answered: 1 week ago