Question: Create your own spreadsheet from the problem description using the American Applicances example as a guide. The Heinrich Company manufactures two types of plastic hanger
Create your own spreadsheet from the problem description using the American Applicances example as a guide. The Heinrich Company manufactures two types of plastic hanger
racks Foldaways and Straightaways especially suited for mounting
near clothes dryers. Because permanent press clothing must be hung
on hangers immediately after removal from the dryer, these items have
been especially popular. However, there is some concern that the
Preppie movement popularized by its own handbook will extinguish
polyester clothing; Heinrich is terribly interested in doing the best with
the resources it has while its products are still in demand. The first
type of hanger rack, the Foldaway, requires ounces of plastic
material and hours of labor. Plastic costs Heinrich cents an
ounce; labor costs Heinrich $ per hour. The second type of hanger
rack, the Straightaway, requires ounces of plastic and hours
of labor. The prices of these resources are the same as those for the
Foldaway. Under current market conditions, Heinrich can sell the
Foldaway for $ and the Straightaway for $ Heinrich is unable to
hire more than hours of labor a week, or buy more than
ounces of plastic a week. How many Foldaways and Straightaways
should Heinrich produce to maximize their profit.
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