Question: Question 2 (13 marks) Please answer a, b and c Billl's Ice Cream makes 4 different flavors of ice cream using their secret process and

Question 2 (13 marks) Please answer a, b and c

Billl's Ice Cream makes 4 different flavors of ice cream using their secret process and top secret recipes. Each of their flavors is equally popular and experiences a demand of 12000 kg/year. Bill's process is capable of producing 300 kg/day once they incur the $140 setup cost. The ice cream holding cost is 20% of the $17 per kg price. Bill's plant runs 300 days a year.

a. Determine the economic production quantity. b. If Bill chooses to use the economic production quantity, what is the annual cost? c. What would be the production run time?

Please i need help thank you

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Bill's Ice Cream makes 4 different flavors of ice cream using their secret process and top-secret recipes. Each of their flavors is equally popular and experiences a demand of 12000 kg/year. Bill's...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Question 2 (13 marks) Please answer a, b and c Billl's Ice Cream makes 4 different flavors of ice cream using their secret process and top secret recipes. Each of their flavors is equally popular and...

Question 2 (13 marks) Billl's Ice Cream makes 4 different flavors of ice cream using their secret process and top secret recipes. Each of their flavors is equally popular and experiences a demand of...

Answer fast please ROLL NO. 1. (13 marks) Billl's Ice Cream makes 4 different flavors of ice cream using their secret process and top secret recipes Each of their flavors is equally popular and...

Solution these questions Question 2: (40 Marks) Ashville Manfuraturing Lid. produces construction equipment and several components for the construction industry. Part of its manufacturing includes a...

Please show me the formula or how you get the answers Direct Material Variances Hand Ne Price Nie we At MAP 40 nevis ware Maand Malwe Math Actu AD Nu MORAP AKY Inc Mwen Variante Materiale Mware VW...

Im stuck on the Budgeted costs of goods sold tab of excel trying to equate the projected yearly cost per carton. i worked it backward and realize it should be $4.0025 but cant find why that is....

A B. 1 Budgeted Income Statement 3 Sales 4 Cost of Goods Sold 5 Gross Profit 6 Selling Expenses 7 Administrative Expenses 8 Net Operating Income 9 10 B 1 Goal Seek 3 #of Unit Sales necessary to have...

Apublic opinion researcher has a budget of $20,000 for taking a survey. She knows that 90% of all households have telephones. Telephone interviews cost $10 per household; in-person interviews cost...

At December 31, 2008, the available-for-sale equity portfolio for Steffi Graf, Inc. is as follows. On January 20, 2009, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are net of...

Find the limit , if it exists. ( If an answer does not exist, enter DNE. ) lim x 5 x - 9 2 x 7

Sheffield Inc. had the following balance sheet at December 31, 2016. SHEFFIELD INC. BALANCE SHEET DECEMBER 31, 2016 Cash $23,050 Accounts payable $33,050 Accounts receivable 24,250 Notes payable...

Keesha Co, borrows $175,000 cash on December 1 of the current year by signing a 120-day, 12%, $175,000 note. 1. On what date does this note mature? 2. & 3. What is the amount of interest expense...

Do you agree with the principle of assimilation advocated by Jose Rizal\'s Propaganda Movement? Explain your position.

Suppose you are going to receive $22,000 per year for 7 years at the beginning of each year; thus you receive the first payment today . Compute the present value of the cash flows if the appropriate...

Marcela needs to have $51,000 in 8 years on a savings plan that requires monthly contributions. If she can earn 12 percent APR with monthly compounding on the savings plan, what is the amount that...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

11. What is the practical application of biofeedback for a high school football team?

4. Identify coping strategies you have used in sport that you also use in real-life nonsport situations.

3. List five stressful situations that you have experienced and identify coping strategies that you have used to address these situations. Classify these coping strategies within the two-dimensional...