4. The Toones Company has $30,000 for the purchase of materials to make three types of MP3 players. The com- pany has allocated a total of 1200 hours of assembly time and 180 hours of pack- aging time for the players. The following table gives the cost per player, the num- ber of hours per player, and the profit per player for each type: Турe 1 Туре 2 Туре 3 Cost/ $300 $300 $400 Player Assembly 15 15 10 Hours/ Player Packaging 2 2 Hours/ Player Profit $150 $250 $200 Find the number of players of each type the company should produce to maxi- mize profit.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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4. The Toones Company has $30,000
for the purchase of materials to make
three types of MP3 players. The com-
pany has allocated a total of 1200 hours
of assembly time and 180 hours of pack-
aging time for the players. The following
table gives the cost per player, the num-
ber of hours per player, and the profit per
player for each type:
Type 1 Type 2 Type 3
Cost/
$300
$300
$400
Player
Assembly
15
15
10
Hours/
Player
Packaging
2
2
Hours/
Player
Profit
$150
$250
$200
Find the number of players of each type
the company should produce to maxi-
mize profit.
Transcribed Image Text:4. The Toones Company has $30,000 for the purchase of materials to make three types of MP3 players. The com- pany has allocated a total of 1200 hours of assembly time and 180 hours of pack- aging time for the players. The following table gives the cost per player, the num- ber of hours per player, and the profit per player for each type: Type 1 Type 2 Type 3 Cost/ $300 $300 $400 Player Assembly 15 15 10 Hours/ Player Packaging 2 2 Hours/ Player Profit $150 $250 $200 Find the number of players of each type the company should produce to maxi- mize profit.
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