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A company makes three products that have the following characteristics: Product A sells for $75 but needs...

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Operations Management

A company makes three products that have the followingcharacteristics:

  • Product A sells for $75 but needs $50 of materials to produce.It requires 5 minutes on the bottleneck
  • Product B sells for $90 but needs $60 of materials to produce.It also requires 5 minutes on the bottleneck.
  • Product C sells for $110 but needs $70 of materials to produce.It requires 10 minutes on the bottleneck.

Using the traditional method, in what sequenceshould products be scheduled for production?

Answer & Explanation Solved by verified expert
4.4 Ratings (565 Votes)
Using the data given in the question we first compute the contribution of each of the three products For Product A Given the selling price at 75 and the cost of materials to produce    See Answer
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