Question: [ 0 . 5 / 1 1 . 5 Points ] DETAILS MYNOIES AMMIMS 1 6 3 . . 0 1 9 . Better Products,

[0.5/11.5 Points]
DETAILS
MYNOIES
AMMIMS163..019.
Better Products, Inc., manufactures three products used in the final assembly of solar energy cells on two machines. In a typical week, 40 hours are available on each machine. The profit contribution and production time in hours per unit are as follows:
\table[[Category,Product 1,Product 2,Product 3],[Profit/unit,$30,$50,$ $ 20],[Machine 1 time/unit,0.5,2.0,0.75],[Machine 2 time/unit,1.0,1.0,0.5]]
Two operators are required for machine 1-thus, 2 hours of labor must be scheduled for each hour of machine 1 time. Only one operator is required for machine 2. A maximum of 100 labor-hours is available for assignment to the machines during the coming week. Other production requirements are that product 1 cannot account for more than 50% of the units produced and that product 3 must account for at least 20% of the units produced.
(a) How many units of each product should be produced to maximize the total profit contribution? What is the projected weekly profit (in $ ) associated with your solution?
Product 1
Product 2
Product 3
weekly profit $
(b) How many hours of production time will be scheduled on each machine?
machine 1 hr
machine 2 hr
(c) What is the value (in $ ) of an additional hour of labor?
$
 [0.5/11.5 Points] DETAILS MYNOIES AMMIMS163..019. Better Products, Inc., manufactures three products

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!