Question: any help would be appreciated Calculator Problem 3-19 (Algorithmic) Better Products, Inc., manufactures three products on two machines. In a typical week, 40 hours are

any help would be appreciated Calculator Problem
any help would be appreciated Calculator Problem
any help would be appreciated
Calculator Problem 3-19 (Algorithmic) Better Products, Inc., manufactures three products 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: Product 3 Product 1 $30 Product 2 $54 $25 Category Profit/unit Machine 1 time/unit Machine 2 time/unit 0.5 2 1 1 2 1 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 25% of the units produced. a. How many units of each product should be produced to maximize the total profit contribution? If required, round your answers to the nearest whole number Product # of units 1 2 3 What is the projected weekly profit associated with your solution? Profit Previous Next Calculator b. How many hours of production time will be scheduled on each machine? If required, round your answers to two decimal places. Machine Hours Schedule: Machine 1 Hours Machine 2 Hours Numeric field c. What is the value rarowuonal hour of labor? If required, round your answer to two decimal places. $ d. Assume that labor capacity can be increased to 120 hours. Develop the optimal product mix, assuming that the extra hours are made available. If required, round non-monetary answers to the nearest whole number. If required, round monetary answer to the nearest dollar Product # of units 1 2 3 Profits Would you be interested in using the additional 20 hours available for this resource? Previous Next Email Instructor Save and EX Submit Test for Gra All work saved Calculator Problem 3-19 (Algorithmic) Better Products, Inc., manufactures three products 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: Product 3 Product 1 $30 Product 2 $54 $25 Category Profit/unit Machine 1 time/unit Machine 2 time/unit 0.5 2 1 1 2 1 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 25% of the units produced. a. How many units of each product should be produced to maximize the total profit contribution? If required, round your answers to the nearest whole number Product # of units 1 2 3 What is the projected weekly profit associated with your solution? Profit Previous Next Calculator b. How many hours of production time will be scheduled on each machine? If required, round your answers to two decimal places. Machine Hours Schedule: Machine 1 Hours Machine 2 Hours Numeric field c. What is the value rarowuonal hour of labor? If required, round your answer to two decimal places. $ d. Assume that labor capacity can be increased to 120 hours. Develop the optimal product mix, assuming that the extra hours are made available. If required, round non-monetary answers to the nearest whole number. If required, round monetary answer to the nearest dollar Product # of units 1 2 3 Profits Would you be interested in using the additional 20 hours available for this resource? Previous Next Email Instructor Save and EX Submit Test for Gra All work saved

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