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Texas Transport Company supplies you with the following information about the two products they sell:

III. Texas Transport Company supplies you with the following information about the two products they sell:

Tanker A Tanker B
Contribution margin per unit $4 $5
Materials per unit (pounds) 1 2
Direct labor hours per unit 4 2

There are 300 hours available in the plant and 100 pounds of materials available for production.

a. What is the objective function for maximizing profits?
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Accounting - 8207587.doc

Answer
Let the profit from Tanker A is X & profit from Tanker B is Y
Objective function for maximizing profit is
Z= $4X +$5Y

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