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Question - Formulate and solve the LP problem
Lake Superior Furniture Company produces beds and desks for Algoma University and Sault College students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited so at most 8 will be produced.
Determine the number of units that must be produced for each product that will maximize total contribution margin and optimize utilization
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