High Point Furniture Manufactures a High-Quality Dining Table, Which Is

question 18

Essay

High Point Furniture manufactures a high-quality dining table, which is offered in both oak and walnut. The demand for the tables is 800 units for the oak table and 1500 for the walnut table. The tables are priced at $495 and $995 for the oak and walnut tables, respectively. The materials cost is $210 for the oak table and $430 for the walnut table. In addition, High Point has the following manufacturing information for the four manufacturing processes (receiving, preparation, assembly, and finishing), showing the amount of time (in minutes) required for each table for each process, and the total minutes of time available for each process. Required:
1. Which process(es), if any, are constraints for the current level of demand?
2. Given any constraints identified in part (1) above, determine the best production and sales plan for the two types of tables.
3. What is the overall contribution from the production plan you determined in part (2) above?

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Definitions:

Ambiguous Stimuli

Ambiguous stimuli are objects, words, or images that can be interpreted in multiple ways and often used in psychological tests to assess perception and personality.

Psychodynamic Theorists

Psychologists who study the psychological forces underlying human behavior, feelings, and emotions, and how they may relate to early experience.

Objective Tests

Standardized tests designed to measure an individual's performance in a specific area, such as intelligence or personality, in a way that is not subject to examiner bias.

Unconscious Determinants

Psychological factors that influence behaviors, feelings, and judgments without an individual's conscious awareness.