PLEASE ANSWER QUESTION 12

Question 12 10 pts What is the expected profit if LGS decides to postpone packaging? Between $400,000 and $420,000 More than $450,000 Less than $380,000 Between $420,000 and $450,000 Between $380,000 and $400,000 An option being considered by LGC from Questions 7-9 is to separate chocolate production from packaging. Chocolates will be produced before the start of the season, but packaging will be done on an express line as orders come in, The express line and separation steps adds $2 to the cost of production. Question 10: How many total boxes of chocolate should LGC manufacture if it decides to postpone packaging? Between 40,000 and 42,000 Between 38,000 and 40,000 More than 42,000 Less than 35,000 Between 35,000 and 38,000 Lake Grove Confectionaries (LGC) sells chocolates for the holiday season in specially designed boxes. The firm sells four designs, and currently all packaging is done in the plant as chocolates are manufactured. All manufacturing and packaging for the holiday season are completed before the start of the season. The demand forecast for each of the four designs is normally distributed, with a mean m=10,000 and a standard deviation of s=6,000. Each box costs $15 and is sold for $30. Any unsold boxes are discounted for $9. The cost of holding a box in inventory is $1. Question 7: How many boxes of each design should LGC manufacture? What is the expected profit of this policy? Between $420,000 and $450,000 Between $380,000 and $400,000 More than $450,000 Between $400,000 and $420,000 Less than $380,000 How many total boxes does LGC expect to sell at a discount? Between 12,000 and 15,000 Between 10,000 and 12,0000 Between 15,000 and 18,000 Less than 10,000 More than 18,000