QUANTITATIVE TECHNIQUES - UPDATES IN MANAGERIAL ACCOUNTING SUBJ.

1. A beverage stand can sell either soft drinks or coffee on any given day. If the stand sells soft drinks and the weather is hot it will make P2500; if the weather is cold. the prot will be P1,IJIJG. If the stand sells coffee and the weather is hot, it will make P1300; if the weather is cold, the prot will be P2,0lJD.The probability of cold weather on a given day at this time is 60%. The expected payoff for either selling coffee or soft drinks .and the expected payoff if the vendor has perfect information are . 2. Anderson Co. manufactures two different products, A and B. The company has 100 pounds of raw materials and 300 direct labor hours available for production. The time reguirement and contribution margins Er unit are as follows: A B Raw materials per unit [lbs] 1 2 Direct labor hours per unit 4 2 P5 Contribution margin Er unit P4 The objective function for maximizing prots and the equation for the constrain on raw materials are A