Colonial House Furniture Company produces two-drawer oak file cabinets which are sold through catalogs. Company initiates manufacturing of 150 cabinet packages each week. Percentage of good-quality cabinets averages 83% per week, and percentage of poor-quality cabinets which can be reworked is 60%.
a. Find out weekly product yield of file cabinets.
b. If company wants product yield of 145 units per week, what increase in percentage of good-quality products should result?