A manufacturer wants to maximize the profit of two types of boxed chocolates. Abox of chocolate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A manufacturer wants to maximize the profit of two types of boxed chocolates. Abox of chocolate covered creams yields $ 50.00 per unit, and box of chocolate covered cherries yields a profit of $45.00 per unit. Market tests and available resources have indicated the following constraints: ● The combined production level should not exceed 1200 boxes per month. The demand for chocolate covered cherries is no more than half the demand for chocolate covered creams. The production level of chocolate covered creams is less than or equal to 600 units plus three times the production level of chocolate covered cherries. Boxes of chocolate covered cherries 400 300- 200 (800, 400) (1050, 150) (600,0) +++ (0,0) 400 Boxes of chocolate covered creams 800 1200 Using the information AND graph provided: (Complete the following table!) State the profit equation: a. b. c. d. Profit Eqn: Compute the possible profits at each critical point. Find the maximum profit. Identify on the table. Answer the question using a full sentence that explains the solution in context. Critical Points A. B. C. D. Solution in Context: Computation Total A manufacturer wants to maximize the profit of two types of boxed chocolates. Abox of chocolate covered creams yields $ 50.00 per unit, and box of chocolate covered cherries yields a profit of $45.00 per unit. Market tests and available resources have indicated the following constraints: ● The combined production level should not exceed 1200 boxes per month. The demand for chocolate covered cherries is no more than half the demand for chocolate covered creams. The production level of chocolate covered creams is less than or equal to 600 units plus three times the production level of chocolate covered cherries. Boxes of chocolate covered cherries 400 300- 200 (800, 400) (1050, 150) (600,0) +++ (0,0) 400 Boxes of chocolate covered creams 800 1200 Using the information AND graph provided: (Complete the following table!) State the profit equation: a. b. c. d. Profit Eqn: Compute the possible profits at each critical point. Find the maximum profit. Identify on the table. Answer the question using a full sentence that explains the solution in context. Critical Points A. B. C. D. Solution in Context: Computation Total
Expert Answer:
Related Book For
Posted Date:
Students also viewed these general management questions
-
Suppose I promise to pay you 5 payments as follows: $12,000 to be received 7 years from today, and 4 additional subsequent annual payments that grow at 4% per year thereafter. If the interest rate is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A toy company manufactures two types of dolls, A and B. Market tests and available resources have indicated that the combined production level should not exceed 1200 dolls per week and the demand for...
-
Refer to the bolt strength problem 17.47. Assume = 6,050 and 5 100. Use the following 24 individual bolt strength observations to answer the questions posed. (a) Prepare a histogram and/or normal...
-
Sue Ann Apolinar hired a guide through Arkansas Valley Adventures, LLC, for a rafting excursion on the Arkansas River. At the outtter's office, Apolinar signed a release that detailed potential...
-
What is a wiki? Why would an organization want to implement a wiki?
-
Sales Discounts Taken} Bolton sold a customer service contract with a price of \(\$ 37,000\) to Sammy's Wholesale Company. Bolton offered terms of \(1 / 10, \mathrm{n} / 30\). Required: Prepare the...
-
Balanced Scorecard objectives, cause-and-effect linkages for different value propositions Required (a) Use the objectives below to develop appropriate cause-and-effect linkages across the Balanced...
-
2. Sketch level curves of the function f(x, y) = (x3 + y) -1 on the grid below for z = -1, z =0, and z =3. Clearly label each level curve
-
Company Selection and Financial Retrieval: Pick a public company that piques your interest. Obtain its latest financial statements. 2. Cash Flow Interpretation: Using the acquired financial data,...
-
Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:...
-
Advise senior management on the appropriateness of adopting a relational approach to selling.
-
Discuss the relevance of Reichheld et al. s model of the virtuous circle to selling and sales management.
-
What are the implications for salespeople of the adoption of supply chain integration by larger manufacturers?
-
How would you advise Microcom in developing a strategy to implement relationship marketing and selling?
-
You have been engaged by the management of Alden, Inc. to review its internal control over the purchase, receipt, storage, and issue of raw materials. You have prepared the following comments to...
-
Consider the following function, f(x), on the interval [-6,-3]. Absolute Maximum f(x) = x+16x+62 1. Find the value where the Absolute Maximum occurs on the given interval. 2. Find the Absolute...
-
On 1 July 2018, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for $2,057,000. At this date, the equity of Son Ltd consisted of: $ 1,000,000 Share capital 500 000 shares...
-
Describe three principal categories within the learning and growth perspective.
-
Navier Aerials Co (Navier) manufactures satellite dishes for receiving satellite television signals. Navier supplies the major satellite TV companies who install standard satellite dishes for their...
-
Chemical Processors manufacture Wonderchem using two processes, mixing and distillation. The following details relate to the distillation process for a period:No opening work in progress (WIP)...
-
When bonds are retired or repaid at their due date, there generally will be a. a gain. b. a loss. c. accrued interest. d. no gain or loss.
-
If the market rate had been 8% at the time of issuance, a. the bonds would have been issued at a premium. b. the bonds would have been issued at a discount. c. the bonds would have been issued at...
-
When a bond is issued at a discount, the interest expense each year a. is greater than the cash payment for interest. b. is less than the cash payment for interest. c. equals the cash payment for...
Study smarter with the SolutionInn App