Question: Problem 4-21 (Algorithmic) Greenville Cabinets received a contract to produce speaker cabinets for a major speaker manufacturer. The contract calls for the production of 4,900

Problem 4-21 (Algorithmic) Greenville Cabinets

Problem 4-21 (Algorithmic) Greenville Cabinets received a contract to produce speaker cabinets for a major speaker manufacturer. The contract calls for the production of 4,900 bookshelf speakers and 5,700 floor speakers over the next two months, with the following delivery schedule: Model Bookshelf Floor Month 1 2,900 2,300 Month 2 2,000 3,400 Greenville estimates that the production time for each bookshelf model is 0.8 hour and the production time for each floor model is 1 hour. The raw material costs are $18 for each bookshelf model and $20 for each floor model. Labor costs are $30 per hour using regular production time and $41 using overtime. Greenville has up to 3,200 hours of regular production time available each month and up to 1,800 additional hours of overtime available each month. If production for either cabinet exceeds demand in month 1, the cabinets can be stored at a cost of $13 per cabinet. For each product, determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs. If required, round your answers to the nearest whole number. If an amount is zero, enter "0". Regular Time Manufacture Model Month 1 Month 2 Bookshelf 2,900 2,000 Floor Overtime Manufacture Month 1 Month 2 Model Bookshelf Floor 1,800 Feedback Check My Work

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!