Answered step by step
Verified Expert Solution
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).
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 revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs may not be a whole number, which is acceptable in this chapter.)
Use Scenario 4
Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | Scenario 5 | |
Large wood per Table | 3 | 4 | 2 | 2 | 5 |
Small wood per Table | 2 | 2 | 2 | 4 | 2 |
Large wood per Chair | 1 | 2 | 3 | 3 | 2 |
Small wood per Chair | 4 | 4 | 3 | 4 | 6 |
Revenue per Table | $20 | $22 | $19 | $18 | $25 |
Revenue per Chair | $16 | $16 | $19 | $21 | $22 |
Large wood inventory | 85 | 90 | 90 | 80 | 200 |
Small wood inventory | 80 | 50 | 50 | 130 | 190 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started