A Company Manufactures Four Products A,B,C,and D That Must Go

question 6

Essay

A company manufactures four products A,B,C,and D that must go through assembly,polishing,and packing before being shipped to a wholesaler.For each product,the time required for these operations is shown below (in minutes)as is the profit per unit sold.

The company estimates that each year they have 1667 hours of assembly time,833 hours of polishing time and 1000 hours of packing time available.How many of each product should the company make per year to maximize its yearly profit?

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Definitions:

Financial Statement

Reports that summarize a company's financial performance, status, and cash flows over a specified period.

Permanent/Temporary

A classification that distinguishes between actions or objects that are intended to last indefinitely (permanent) and those expected to change or conclude after a certain period (temporary).

Normal Balance

The side of the accounting equation (debit or credit) where increases in the account are recorded.

Financial Statement

A written report which quantitatively describes the financial health of a company, including balance sheet, income statement, and cash flow statement.