A company is able to sell four products and is planning its production mix for the next
Question:
A company is able to sell four products and is planning its production mix for the next period. Estimated costs, sales and production data are as follows:
Required
(a). Based on the foregoing information, show the most profitable production mix under each of the following mutually exclusive assumptions:
(i). If labour hours are limited to 50,000 in a period.
(ii). If material is limited to 110,000 kg in a period.
(b). Write a short explanation, suitable for sending to the production director, explaining your recommendation in each case.
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a i If labor hours are limited to 50000 in a period the most profitable production mix is as follows ...View the full answer
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