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SOLVER: JOHN SEEKS TO MAXIMIZE PROFIT BY CHOOSING THE RIGHT MIX OF KITCHEN ITEMS TO...

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Accounting

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SOLVER: JOHN SEEKS TO MAXIMIZE PROFIT BY CHOOSING THE RIGHT MIX OF KITCHEN ITEMS TO MANUFACTURE JOHN MAKES TOASTERS, MIXERS, AND MICROWAVES. HE WANTS TO WORK A MAXIMUM OF 160 HOURS PER MONTH. HE HAS 1000 OUNCES OF SHEET METAL. THE PROFIT, LABOR TIME, AND OUNCES OF SHEET METAL REQUIRED TO PRODUCE EACH PRODUCT ARE IN THE TABLE BELOW. IF DEMAND IS UNLIMITED, HOW CAN JOHN MAXIMIZE HIS PROFIT ? (THAT IS, HOW MUCH OF EACH PRODUCT TO MANUFACTURE ? REQUIRED: REQUIRED: UNIT LABOR HRS UNCES OF SHEET METAL PRODUCT PROFIT PER UNIT PER UNIT MICROWAVE $300.00 15.00 75.00 TOASTER $200.00 5.00 50.00 MIXER $100.00 1.00 100.00 ANSWER: ? SOLVER: JOHN SEEKS TO MAXIMIZE PROFIT BY CHOOSING THE RIGHT MIX OF KITCHEN ITEMS TO MANUFACTURE JOHN MAKES TOASTERS, MIXERS, AND MICROWAVES. HE WANTS TO WORK A MAXIMUM OF 160 HOURS PER MONTH. HE HAS 1000 OUNCES OF SHEET METAL. THE PROFIT, LABOR TIME, AND OUNCES OF SHEET METAL REQUIRED TO PRODUCE EACH PRODUCT ARE IN THE TABLE BELOW. IF DEMAND IS UNLIMITED, HOW CAN JOHN MAXIMIZE HIS PROFIT ? (THAT IS, HOW MUCH OF EACH PRODUCT TO MANUFACTURE ? REQUIRED: REQUIRED: UNIT LABOR HRS UNCES OF SHEET METAL PRODUCT PROFIT PER UNIT PER UNIT MICROWAVE $300.00 15.00 75.00 TOASTER $200.00 5.00 50.00 MIXER $100.00 1.00 100.00

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