Production cost per unit and selling price per unit

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Reference no: EM131276075

Stickley Furniture Company is a manufacturer of fine hand- crafted furniture. During the next production cycle, management is considering producing dining room tables, dining room chairs, and bookcases. The requirements for each item are shown below, as well as the production cost per unit and selling price per unit.

Tables chairs bookcases available

Assembly time 80mins 40mins 50mins 8,100 mins

Finishing time 30mins 20mins 30mins 4,500 mins

Wood(pounds) 80 10 50 9,000 lbs

Production cost $500 $450 $600

Selling price $860 $575 $900

A) Determine the production levels for each item in order to maximize marginal profit, while working within the constraints.

B) Handwrite the linear program with all unknowns clearly identified

C) The optimal solution, stated in your words.

D) Identify the binding sources, if any

Reference no: EM131276075

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