Powell Products has harvested 18,000 feet of oak logs and 16,000 feet of pine logs. They have a stripping machine that can operate 60 hours per week and a cutting machine that can operate 40 hours per week. The goal is to develop an optimal production plan to achieve the highest contribution without unused time on the machines. There are limitations to consider - stripping pine wood takes longer than cutting due to its resin and softwood interior, and the cutting machine is less efficient and requires more maintenance.