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The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: Required: USE MS EXCEL BY SOLVING BE DETAILED WITH FORMULAS EXAMPLE (SUMPRODUCTB1:B2)

The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: Required: USE MS EXCEL BY SOLVING BE DETAILED WITH FORMULAS EXAMPLE (SUMPRODUCTB1:B2)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: Required: USE MS EXCEL BY SOLVING BE DETAILED WITH FORMULAS EXAMPLE (SUMPRODUCTB1:B2)
7:10 Sat, Jul 9 A A The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: 199 Product 1 2 3 1 35 40 38 Product 1 2 3 Machine 1 P78 67 84 2 41 36 37 Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste, and operating cost. The profit per unit per machine for each product is summarized as follows: Machine 3 34 32 33 2 P78 89 81 4 39 43 40 3 P82 92 90 4 P79 63 58 The company wants to know how many units of each product to produce on each machine to maximize profit. Solve the model by using the computer. < 25%
Transcribed Image Text:7:10 Sat, Jul 9 A A The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: 199 Product 1 2 3 1 35 40 38 Product 1 2 3 Machine 1 P78 67 84 2 41 36 37 Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste, and operating cost. The profit per unit per machine for each product is summarized as follows: Machine 3 34 32 33 2 P78 89 81 4 39 43 40 3 P82 92 90 4 P79 63 58 The company wants to know how many units of each product to produce on each machine to maximize profit. Solve the model by using the computer. < 25%
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