Calculate product yield of file cabinets
The Colonial House Furniture Company manufactures two-drawer oak file cabinets that are sold through catalogs. The company initiates production of 150 cabinet packages each week. The percentage of good-quality cabinets averages 83% per week, and the percentage of poor-quality cabinets that can be reworked is 60%.
a. Determine the weekly product yield of file cabinets.
b. If the company desires a product yield of 145 units per week, what increase in the percentage of good-quality products must result?