Question: Write a well organised executive summary on the problem below usind word document Problem: Black Office is a new startup company which has been recently
Write a well organised executive summary on the problem below usind word document Problem:
Black Office is a new startup company which has been recently engaged the manufacturing of luxury office furniture. The company produces bookcases, tables and chairs. Each single bookcase, table and chair are respectively sold at $200, $120 and $90. The production of a bookcase requires 5kg of metal, 8kg of wood and 9 hours of labor; a table needs 4kg of metal, 6kg of wood and 7 hours of labor; a chair uses 4kg for both metal and wood, and 5 hours of labor. The weekly supply of resources is limited, 60kg for metal, 100kg for wood and 160 hours of labor. The management department of the company has shown after analyzing the price of row material and labor cost that the manufacturing of a bookcase costs to the company $120; a table costs $60 and a chair cost $40. The owners would like to determine the benefit maximizing strategy for their weekly production.
Bookcase
Table
Chair
Metal
5kg
4kg
4kg
Wood
8kg
6kg
4kg
Labor
9h
7h
5h
Production Cost
$120
$60
$40
Selling Price
$200
$120
$90
Solution
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
