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 10 ounces of plastic
material and 0.3 hours of labor. Plastic costs Heinrich 10 cents an
ounce; labor costs Heinrich $20 per hour. The second type of hanger
rack, the Straightaway, requires 15 ounces of plastic and 0.175 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 $12 and the Straightaway for $11. Heinrich is unable to
hire more than 350 hours of labor a week, or buy more than 50,000
ounces of plastic a week. How many Foldaways and Straightaways
should Heinrich produce to maximize their profit.
 Create your own spreadsheet from the problem description using the American

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!