Question: Question 1 ( 2 5 points ) Guelph Kit produces three products: DIZ, GEF and JIQ. Unit data for the three products is as follows:
Question points Guelph Kit produces three products: DIZ, GEF and JIQ. Unit data for the three products is as follows: All three products use the same direct material, Avriz, which costs $ per pound and a maximum of pounds is available each month. The monthly demand for DIZ, GEF and JIQ is units, units and units respectively. The fixed costs per unit are calculated based on the current production capacity, which cannot be changed in the short run. With this capacity, the company can produce units of the three product each month. Required: Given the constraint represented by the available material, rank the three products in the order in which they will be produced to maximize the company's operating income. marks How many units of product DIZ, GEF and JIQ should the company produce? marks What is the maximum amount per pound the company would be willing to pay for another pounds of Avriz? marks
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