Solution-What is the production plan and max profit

What is the production plan and max profit

Assignment Help Business Economics

Reference no: EM133082959

The Bogard Corporation produces three types of bookcases, Standard, Narrow, Wide, which it sells to large office supply companies. The production of each bookcase requires two machine operations, trimming and shaping, followed by assembly, which includes inspection and packaging. Each type requires 0.4 hours of assembly time, but the machining operations have different processing times, as shown in the table below (in hours per unit). Each machine is available for 150 hours per month, and the current size of the assembly department provides capacity of 200 hours. Each bookcase produced yields a unit profit contribution as shown below.

STD NRW WID

Trimmer 0.2 0.4 0.6

Shaper 0.6 0.2 0.5

Profit $8 $6 $10

What is the production plan and max profit? (Fractions are OK.)

Reference no: EM133082959

Questions Cloud

Formulate a proposed sustainable economic development : Natural Resources are vital in achieving economic growth, through the use of natural resources we can create commodities but improper use, allocation and manage

Promote diversity in the workplace : Based on the article you just read and what you learned in Chapter two of the course text book, describe three steps you can take promote diversity in the workp

Decision-making purposes : Philippine Airlines (PAL) offers four flights per weekday from MNL (Manila) to Tokyo-Narita (NRT). If adding a fifth flight per weekday would cost USD 15,000.00

Determine the optimal number of bran muffins : The American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muf

What is the production plan and max profit : The Bogard Corporation produces three types of bookcases, Standard, Narrow, Wide, which it sells to large office supply companies. The production of each bookca

Discuss the implications of country operating : a. Briefly discuss the implications of a country operating inside its production-possibility curve. Use a graph in your discussion.

Make a frequency distribution of observations : Use gretl to generate 100 observations from the uniform distribution that ranges from 0 to 49. Make a frequency distribution of these observations. Include a co

Calculate the effects of the price change : The marginal product of labour curves corresponding to the production are as follows:

How has looting of shops in south africa : How has this looting of Shops in South Africa have undermined the capitalistic economic system in the private ownership of the factors of production?

User Account

All Pages

What is the production plan and max profit

Reference no: EM133082959

Reference no: EM133082959

Questions Cloud

Reviews

Write a Review

Business Economics Questions & Answers

Economics assignment

Demand and supply curves

Long-run perfectly competitive equilibrium for the firm

Supply and demand diagrams

Case study: fisher-price toys

Draw the production possibility curve

Tax revenue

Maximize total welfare

Difference between the cv and the ev

Depict von neumann-morgenstern utility index u in a diagram

What is the market solution

Calculate gross national product and net national product

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT