Picnic tables and chairs to sell various stores

Assignment Help Operation Management

Reference no: EM1387751

CT Furniture makes wooden picnic tables and chairs to sell various stores. These stores request both finished and unfinished furniture. To make this furniture, CT must purchase the wood by the board foot. It takes 25 board feet to make one table and 10 board feet to make one chair. Each board foot must be purchased for $2, and up to 10,000 board feet can be purchased. It takes 4 hours to make an unfinished table and 2 hours to make an unfinished chair. To finish an unfinished table (by priming, sealing, and painting), it takes an additional 8 hours, while it takes 6 hours to finish an unfinished chair. A total of 2500 hours are available, which can be proportioned as necessary. We can assume that all pieces of furniture produced can be sold at the following prices: $80 for unfinished table, $120 for finished table, $30 for unfinished chair, and $55 for finished chair. If we have special orders that must be filled, calling for at least 200 tables and 450 chairs to be sold, determine how much of each type of furniture to produce in order to maximize CT's profit.

Reference no: EM1387751

Questions Cloud

P-value of the test statistic : What is the value of the sample test statistic? (Round your answer to two decimal places.) Find the P-value of the test statistic. (Round your answer to four decimal places.)

Ages of circulating pennies having mean : The ages of circulating pennies are right skewed. Most circulating pennies were minted relatively recently, and extremely old pennies are rare. Assume the ages of circulating pennies have a mean of 12.2 years and a standard deviation of 9.9 years.

Sampling distribution of the sample mean : a. What is the probability that one randomly selected student scores above 1100 on the GRE? b. Describe the sampling distribution of the sample mean for the 16 students.

Government should do more to protect consumers : Explain whether the U.S. government should do more to protect consumers or if consumers should become more aware and informed in today's business environment.

Picnic tables and chairs to sell various stores : CT Furniture makes wooden picnic tables and chairs to sell various stores. These stores request both finished and unfinished furniture. To make this furniture

Confidence interval for the difference in two proportions : Western residents reported that they were completely satisfied with their local telephone service. Find the 95% confidence interval for the difference in two proportions.

In what sequence should the jobs be processed : In what sequence should the jobs be processed according to the FCFS scheduling rule? In what sequence should the jobs be processed according to the EDD scheduling rule?

Probability that the sample mean would differ : What is the probability that the sample mean would differ from the true mean by greater than .04 dollars if a sample of 183 5 gallon pails is randomly selected? Round answer to 4 decimal places.

Explain in detail how two other factors specific : explain in detail how two other factors specific to this company might make it difficult to evaluate the financial impact of this strategy.

User Account

All Pages