Solution-Prepare a statement showing the greatest profit

Prepare a statement showing the greatest profit

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Reference no: EM132472205

Problem - The management of your company is concerned at its inability to obtain enough fully trained labor to enable to meet its present budget projection.

Product:	Alpha Rs	Beta Rs	Gamma Rs	Total Rs
Variable Costs
Materials	6000	4000	5000	15000
Labor	9000	6000	12000	27000
Expenses	3000	2000	2000	7000
Allocated Fixed Cost	13000	8000	12000	33000
Total cost	31000	20000	31000	82000
Profit	8000	9000	2000	19000
Sales	39000	29000	33000	101000

The amount of labor likely to be available amounts to Rs 20,000. All of the variable labor is paid at the same hourly rate. You have been asked to prepare a statement ensuring that at least 50% of the budget sales are achieved for each product and the balance of labor used to produce the greatest profit.

Required - Prepare a statement showing the greatest profit available from the limited amount of labor available, within the constraint stated.

Reference no: EM132472205

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Prepare a statement showing the greatest profit

Reference no: EM132472205

Reference no: EM132472205

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