Exercise 14-43 Linear Programming; Formulate and Solve Graphically (Appendix) (LO 14-8) Southern California Chemical Company manufactures two industrial chemical products, called kreolite-red and kreolite-blue. Two machines are used in the process, and each machine has 24 hours of capacity per day. The following data are available: Selling price per drum Variable cost per drum Hours required per drum on machine I Hours required per drum on machine II Kreolite-Red $36 Kreolite-Blue $42 $28 2 hr. 1 hr. $28 2 hr. 3 hr. The company can produce and sell partially full drums of each chemical. For example, a half drum of kreolite-red sells for $18. Required: 1. Formulate the product-mix problem as a linear program, assuming X, Y 20. X denotes Kreolite-Red and Y denotes Kreolite-Blue. 2. Determine the value of the objective function value at the optimal solution by solving the problem graphically Complete this question by entering your answers in the tabs below. Required 1 Required 2 Check my work