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A small company makes handenade, artistic chairs for commercial businesses. The company makes four models....

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Accounting

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A small company makes handenade, artistic chairs for commercial businesses. The company makes four models. The tme requred to make each of the models and cost per chair is given in the accompanying table. The company employs four people. Each of them works tight thour shiths, fve days a week (assume four weeksimonth) The demand for the next three months is essmated, as given in the accompanying table. The company keeps at most two of each model in inventory each month but wants to have at least one of model D in inventory at all trmes. The current inventory of each mode is two. The cost to hold these finished chairs is 10% of the production cost Deveicp and solve an cotmization model to determine the optimal number of chars to produce each moan and the moratly invertories to minimize the total cost and meet the expected demand. Cick hece fo view the producton cost and demand data. Complete the table below to indicate how many of eech model of chair should be made each menth. Note that the constrants may not be safisfed afler rounding to the nearest whole number unia Uhe the model to calaiate the minimum cont. Mrimam Cost a 8 (Rownd in the nearest cort as needed) Production Cost and Demand Data

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