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Determine the product mix

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Reference no: EM13506931

The product mix decision ABC Company produces Product X, Product Y, and Product Z. All three products require processing on specialized finishing machines.

The capacity of these machines is 3,600 hours per month. ABC Company wishes to determine the product mix that should be achieved to meet the high demand for each product and provide the maximum profit. Following is information about each product:

Product X

Product Y

Product Z

Selling price

$300

$240

$76

Variable costs

210

120

60

Machine time per unit

6 hours

4 hours

2 hours

Monthly demand (units)

360

240

600

Required:

Determine how the 3,600 hours of machine time should be allocated to the three products to provide the most profitable product mix.

 

Reference no: EM13506931

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