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How many of each product should be produced

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Question - Reidland Manufacturing has a limited quantity of a resource, X235. Using the following information, helpReidland make the appropriate resource allocation decision:

Product 1 Product 2 Product 3

Minimum Production Required 100 60 40

Sales Price per Unit 4,000 5,000 8,000

Variable Costs per 1,650 1,800 3,000

Units of X235 /Needed Product 2 4 5

X235 Available 800

Required -

a. What product should Reidland focus its efforts on?

b. How many of each product should be produced?

c. What are the projected sales for the company using the optimal product mix (assume all products produced are immediately sold?

Reference no: EM132819895

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