Nuts 'N More, Inc. manufactures two types of trail mix snacks. Each 1 lb. bag of...
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Nuts 'N More, Inc. manufactures two types of trail mix snacks. Each 1 lb. bag of the Ozark Mountain Mix sells for $3.25 and the Rocky Mountain Mix sells for $2.75. The mixes are made from walnuts, peanuts, cashews, and almonds. The following table lists the cost and available quantities for each of the ingredients. Ingredient Walnuts Peanuts Cashews Almonds Cost per lb. $0.35 $0.15 $0.20 $0.40 Rocky Mountain Mix Available Qty. (lb.) 450 600 800 375 The following table lists the specifications for each type of trail mix product. Product Specification Ozark Mountain Mix At least 25% walnuts No more than 30% peanuts At least 20% cashews At least 10% almonds At most 15% walnuts At most 35% peanuts At least 20% cashews At least 10% almonds Furthermore, you are required to to produce at least 100 lb. of the Rocky Mountain Mix to satisfy standing obligations. Develop and solve a model to determine the amount of each product to produce and the amount of each ingredient to use in each product in order to maximize profit. Nuts 'N More, Inc. manufactures two types of trail mix snacks. Each 1 lb. bag of the Ozark Mountain Mix sells for $3.25 and the Rocky Mountain Mix sells for $2.75. The mixes are made from walnuts, peanuts, cashews, and almonds. The following table lists the cost and available quantities for each of the ingredients. Ingredient Walnuts Peanuts Cashews Almonds Cost per lb. $0.35 $0.15 $0.20 $0.40 Rocky Mountain Mix Available Qty. (lb.) 450 600 800 375 The following table lists the specifications for each type of trail mix product. Product Specification Ozark Mountain Mix At least 25% walnuts No more than 30% peanuts At least 20% cashews At least 10% almonds At most 15% walnuts At most 35% peanuts At least 20% cashews At least 10% almonds Furthermore, you are required to to produce at least 100 lb. of the Rocky Mountain Mix to satisfy standing obligations. Develop and solve a model to determine the amount of each product to produce and the amount of each ingredient to use in each product in order to maximize profit.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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