Reference no: EM13340696
Deadwood Limited are concerned that they may not be manufacturing the correct mix of products in one of the divisions, Division A and have asked advice from Diverse Management Consultants. Output in this division is limited at the moment because of machine capacity and other bottleneck operations. The Managing Director has specifically asked for the preparation of the optimum production mix accompanied by a forecast of the profit and for further information on the theory of constraints.
At present the company is manufacturing three products (Gold, Silver and Bronze) in this division, using the same machines.
The following estimates have been made in respect of the next financial year:
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Product
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Gold
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Silver
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Bronze
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|
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£/unit
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£/unit
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£/unit
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|
Selling price
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100
|
110
|
90
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|
Variable material cost
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30
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25
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15
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|
Variable labour cost
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14
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14
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14
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Variable overheads
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8
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12
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8
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|
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Hours
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Hours
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Hours
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|
Time per unit required on machines
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4
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8
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6
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Fixed overhead costs for the next financial year are expected to be £ 320,000.
The maximum machine capacity in the next financial year is 85,000 hours.
The forecast demand for each of the products for the next year is:
Product Gold 7,400 units
Product Silver 4,200 units
Product Bronze 6,600 units
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