Question: please use solver in excel A product can be produced on four different machines. Each machine has a fixed setup cost, variable production cost per

please use solver in excel
A product can be produced on four different machines. Each machine has a fixed setup cost, variable production cost per unit processed, and a production capacity. The data for this is given below. A total of 2,000 units must be produced. Determine how to minimize the total cost. Machine data Fixed cost Variable cost Capacity Machine 1 Machine 2 Machine 3 Machine 4 $1,000 $920 $800 $700 $20 $24 $16 $28 900 1000 1200 1600Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
