1. Moore's Meatpacking Company produces a hot dog mixture in 1,000-pound batches. The mixture containstwo (2) ingredients – chicken and beef. The cost per pound of each of these ingredients is as follows:IngredientChickenBeefCost/lb.$3$5Each batch has the following recipe requirements:a. At least 500 pounds of chickenb. At least 200 pounds of beefThe ratio of chicken to beef must be at least 2 to 1. The company wants to know the optimal mixture ofingredients that will minimize cost. Formulate a linear programming model for this problem.

Let, X = Number of pounds of Chicken Y= Number of pounds of Beef Objective Function: To Minimise…

Answered: 1. Moore's Meatpacking Company produces…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,800 bars) are as follows: Ingredient Quantity Price Cocoa 540 lbs. $0.30 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal. $1.40 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.$per bar
1.
Ocean and Fish is a takeout food store at a popular beachside resort. Tommy Tillett, owner of Ocean and Fish, is deciding how much refrigerator space to devote to each of four different beverages. Appropriate data on the four beverages follow: Limeade Lemonade Ginger Ale Grape Juice Sales price per case $ 22.10 $ 21.00 $ 22.50 $ 45.70 Variable manufacturing costs per case 12.40 13.90 12.30 31.50 Variable selling cost per case 2.00 4.00 4.00 6.00 Cases sold per foot of shelf space per day 26 26 5 4 Ocean and Fish has a maximum 14 feet of front shelf space to devote to the four beverages combined. Tommy wants to use a minimum of two feet and a maximum of seven feet of front shelf space for each beverage. The contribution margin per case for Limeade is:
Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,600 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
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Use CVP and compute the food covers necessary to achieve break even for a single product restaurant with total fixed cost of $ 16,000, an average check of $ 15, and a variable cost per cover of $. 7.
Copy of Assume that there are 100 students in the world (I know it is a little low, but for ease...) and 30 of them are pizza eaters. These 30 students purchase 5,000 pizzas in a given time period and 200 of these 5,000 pizzas are pepperoni. What is the CDI for pepperoni pizzas purchased? 13.3 133.3 100.3 200.3
Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity Price Cocoa 600 Ibs. $1.25 per Ib. Sugar 120 Ibs. $0.50 per Ib. Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $ per bar
Sea and Sand is a takeout food store at a popular beachside resort. Tommy Tillett, owner of Sea and Sand, is deciding how much refrigerator space to devote to each of four different beverages. Appropriate data on the four beverages follow: Limeade Lemonade Ginger Ale Grape Juice Sales price per case $21.60 $23.00 $21.60 $46.10 Variable manufacturing costs per case 12.20 14.20 12.10 32.20 Variable selling cost per case 4.00 4.00 4.00 4.00 Cases sold per foot of shelf space per day 30 28 5 6 Sea and Sand has a maximum 14 feet of front shelf space to devote to the four beverages combined. Tommy wants to use a minimum of two feet and a maximum of seven feet of front shelf space for each beverage. The contribution margin per case for Limeade is:

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