Question: I need assistance with the excel functions requested for the following case. LB Family Farms, located in California, offers oranges at a purchase price of

I need assistance with the excel functions requested for the following case.

LB Family Farms, located in California, offers oranges at a purchase price of $1.23 per pound. The oranges are shipped FOB Shipping Point to your facility via motor carrier (TL) at a rate of $155 per load. After arriving at your facility, you've calculated receiving and quality costs at $6.00 per pallet. You estimate that 1.5% of the truckload of oranges will spoil and 1% will be wasted in transport. The administrative costs to successfully manage the relationship between LB Family Farms and your organization are estimated to be approximately 4% of the value of a truckload of shipped oranges. Each case of oranges is 25 pounds, with 40 cases per pallet and 25 pallets per truckload. \fSUPPLIER 2: LB FAMILY FARMS UNITS & RATIOS Case pounds Pallet pounds Truckload pounds Cases/Pallet cases/pallet Pallets/Truckload pallets/truckload Total Cost of Oranges in Truckload

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