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How many of each model should Kinkaid produce

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Reference no: EM132994347

Problem - Kinkaid's Fine Cutlery manufactures two models: Standard and Premium. Weekly demand is estimated to be 100 units of the Standard Model and 72 units of the Premium Model. The following per unit data apply:

 

Standard

Premium

Contribution margin per unit

$24

$30

Number of machine hours required

3

5

Required - If there are 495 machine hours available per week, how many of each model should Kinkaid produce to maximize pro?ts?

Reference no: EM132994347

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