Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling...
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Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 4 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000 Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Use Scenario 4 Large wood per Table Small wood per Table Large wood per Chair Small wood per Chair Revenue per Table Revenue per Chair Large wood inventory Small wood inventory Scenario 1 3 2 1 4 $35 $29 300 500 Scenario 2 4 2 2 4 $42 $29 400 500 Scenario 3 2 2 3 3 $88 $45 880 775 Scenario 4 2 4 3 4 $75 $33 665 1,400 Scenario 5 5 2 2 6 $95 $49 900 4,000
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To maximize revenue we need to find the combination of tables and chairs that will use up all the av... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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