A company that distributes landscape materials buys 4,000 tons of pine mulch a year. The ordering fee is $30 pershipment, the mulch costs them $20 per ton, and annual storage costs are $1.50 per ton. How many tons should beordered in each shipment to minimize the total annual cost?O 2,000 tons400 tons200 tons500 tons

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Answered: A company that distributes landscape…

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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A peanut company sells a mixture of two types of beans. The cheapest mixture contains 80% lean peanuts and 20% pithy beans, while the most expensive bean contains 50% of each type. Every week the company can earn 1,800 kg of lean peanuts and 1,200 pithy peanuts. How many kg of each mixture must be made to maximize profit if the profit is Rp. 100 for each cheap mixture and Rp. 150 from the expensive mixture?a. Formulate the problem?b. Finish with a graphic method?
Recalling that the setup cost for the single print run is $5,000, the cost of producing 1,200,000 books at $1 each is $1,200,00, the total cost for the year would be given by, C = (Setup Costs) + (Production Costs) + (Storage Costs) = $5000 + $1,200,000 + $72,000 = $1,277,000 1. You have an idea. To cut down on storage costs you will print the book in two print runs of 600,000 each, as shown in the figure below. A) What are the setup costs for two print runs? B) What are the production costs? C) What are the storage costs? D) What is the total cost for the year? 2. It appears to you that increasing the number of print runs reduces total costs for the year. Motivated by this idea, you decide to divide the 1,200,000 books into a twelve-monthly production runs of 100,000 books each. A) Create a graph similar to the one in Problem #1 of this exam. Use graph paper and include the graph for your work in this part (You can glue the graph to your exam paper if necessary). Label both…
Kimberly works four days per week, Monday through Thursday. She rides the Metropolitan Transit System bus to and from work. The bus cost schedule is shown in the table below. If Kimberly has three weeks of vacation each year, what type of bus ticket should Kimberly buy to save the most money each year? Metropolitan Transit System Bus Pricing single ride: adult/youth: $2.25 senior/disabled/Medicare: $1.10 children 5 and under: free when accompanied by a paying adult 1-day pass: $5.00 2-day pass: $9.00 4-day pass: $15.00 14-day pass: $43.00 monthly pass: adult: $72.00 18 & under: $36.00 senior/disabled/Medicare: $18.00
both sheets are for the same problem.
Janus owns a small bakery that specilaize in 3 layer cakes dcorated with roses.He employs marcisa and annie.Each month janus wants to make $4000 and he would pay his two employees $3000 each.the fixed cost of rent etc.is $5400/month.They sell the cakes for $50 each and the cost of making each cake is $15. Recall that profit is revenue-cost.Revenue is selling prices times items made.and cost is fixed cost plus the cost of each item times the number of items
A retailer anticipates selling 1,300 units of its product at a uniform rate over the next year. Each time the retailer places an order for a units, it is charged a flat fee of $25. Carrying costs are $26 per unit per year. How many times should the retailer reorder each year and what should be the lot size to minimize inventory costs? What is the minimum inventory cost? They should order units The minimum inventory cost is $ times a year.
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