Question: Please respond the below using step by step in excel - attached is the excel in question. QUESTION 1 ( 2 0 points ) :

Please respond the below using step by step in excel - attached is the excel in question.
QUESTION 1(20 points):
The Hickory Cabinet and Furniture Company produces sofas, tables, and chairs. The plant uses three
main resources to make furniture - wood, upholstery, and labor. The resource requirements for each
piece of furniture and the total resources available weekly are as follows.
The furniture is produced on a weekly basis and stored in the warehouse until the end of the week, when
it is shipped out. The warehouse has a total capacity of 650 pieces of furniture. Each sofa earns $300 in
profit, each table $200, and each chair $150. The company wants to know how many pieces of each type
of furniture to make per week to maximize profit. The worksheet named "Hickory I " contains a template
for solving this LP problem.
a. Review the LP algebraic formulation provided. Make sure you understand how the
formulation is derived from the problem described above.
b.20 Points: Solve the LP model with Excel Solver using the template provided. Generate the
sensitivity report.
[2 points for correctly specifying decision variables
3 points for correctly specifying the objective function equation
4 points for setting up constraints correctly (1 per constraint)
11 points for generating the correct optimal solution and sensitivity report]
 Please respond the below using step by step in excel -

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