Blue Raider Toy Company is planning a huge promotion for Mighty Toys action figures during the...

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Blue Raider Toy Company is planning a huge promotion for Mighty Toys action figures during the upcoming holiday season. As the company's purchasing manager, your job is to determine the best way to purchase these toys from the manufacturer at the lowest price. After contacting the Mighty Toys manufacturer, you learned that volume discounts and discounts for - preseason orders are available on the Mighty Toys product line. You need to determine the best product mix based on the following information. The Blue Raider Urban Adventure set is the first item that most people will buy. Customers can also purchase the optional Super Action kit, which can be attached to the Blue Raider Urban Adventure set. Another companion set, the Blue Raider Outdoor set, has an optional Hiking kit that customers can purchase separately. I The marketing director for MTSU Toy Company, Betty Wright, wants to allocate the purchasing budget of $100,000 maximum among the four toys. Since the Super Action kit and the Hiking kit are accessories, Betty does not want to purchase more Super Action kits than Blue Raider Urban Adventure sets and does not want to purchase more Hiking kits than Blue Raider Outdoor sets. She also wants to purchase at least half as many Blue Raider Outdoor sets as Blue Raider Urban Adventure sets. The minimum number of any specific toy to be purchased is 250. She wants you to purchase at least 7,250 total items. All purchases must be for a whole item-no fractions of an item can be purchased. Since you are purchasing the Mighty Toys early, you must consider the cost of storing the toys in the MISU Toy warehouse until the holiday sales season begins. Your objective is to maximize the profit on all four toys. Complete the following: 1 Open the workbook named Mighty.xlsx and save it as Mightyloysiyour last name).xlsx 2. Create a new worksheet called Lookup to the right of Purchase Plan. In the Lookup sheet, enter your name in cell A1, and create a table that has monetary information on each of the toys: Blue Raider Urban Adventure Set has a retail price of $19.95, a unit cost of $15.36, and a storage cost of $.15. Blue Raider Toy Company is planning a huge promotion for Mighty Toys action figures during the upcoming holiday season. As the company's purchasing manager, your job is to determine the best way to purchase these toys from the manufacturer at the lowest price. After contacting the Mighty Toys manufacturer, you learned that volume discounts and discounts for - preseason orders are available on the Mighty Toys product line. You need to determine the best product mix based on the following information. The Blue Raider Urban Adventure set is the first item that most people will buy. Customers can also purchase the optional Super Action kit, which can be attached to the Blue Raider Urban Adventure set. Another companion set, the Blue Raider Outdoor set, has an optional Hiking kit that customers can purchase separately. I The marketing director for MTSU Toy Company, Betty Wright, wants to allocate the purchasing budget of $100,000 maximum among the four toys. Since the Super Action kit and the Hiking kit are accessories, Betty does not want to purchase more Super Action kits than Blue Raider Urban Adventure sets and does not want to purchase more Hiking kits than Blue Raider Outdoor sets. She also wants to purchase at least half as many Blue Raider Outdoor sets as Blue Raider Urban Adventure sets. The minimum number of any specific toy to be purchased is 250. She wants you to purchase at least 7,250 total items. All purchases must be for a whole item-no fractions of an item can be purchased. Since you are purchasing the Mighty Toys early, you must consider the cost of storing the toys in the MISU Toy warehouse until the holiday sales season begins. Your objective is to maximize the profit on all four toys. Complete the following: 1 Open the workbook named Mighty.xlsx and save it as Mightyloysiyour last name).xlsx 2. Create a new worksheet called Lookup to the right of Purchase Plan. In the Lookup sheet, enter your name in cell A1, and create a table that has monetary information on each of the toys: Blue Raider Urban Adventure Set has a retail price of $19.95, a unit cost of $15.36, and a storage cost of $.15.

Answer rating: 100% (QA)

1 Open the workbook named Mighty Toys and save it as MightyLNYLastnamexls... View the full answer