[See Steps] Tycron Company produces 3 electrical products: clocks, radios and toasters. Resource Requirements Product Cost/unit Labor Hours Clock $7.00
Question: Tycron Company produces 3 electrical products: clocks, radios and toasters.
Resource Requirements
Product Cost/unit Labor Hours
Clock $7.00 2
Radio 10.00 3
Toaster 5.00 2
The firm has a daily production budget of $2000 and a max of 660 hours of labor. Max daily demand is for 200 clocks, 300 radios and 150 toasters. Clocks sell for $15.00, radios for 20.00 and toasters for 12.00. The firm wants to know the optimal product mix that will maximize profit.
- Formulate and solve using EXCEL . Send as an attachment.
Deliverable: Word Document 
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