Logan Manufacturing wants to mix two fuels, A and B, for its trucks to minimize cost. It needs no fewer than 3,300 gallons to run itstrucks during the next month. It has a maximum fuel storage capacity of 4,400 gallons. There are 1,500 gallons of fuel A and 4,100gallons of fuel B available. The mixed fuel must have an octane rating of no less than 70.When fuels are mixed, the amount of fuel obtained is just equal to the sum of the amounts put in. The octane rating is the weightedaverage of the individual octanes, weighted in proportion to the respective volumes.The following is known: Fuel A has an octane of 87 and costs $1.00 per gallon. Fuel B has an octane of 65 and costs $1.60 pergallon.a. Write the equations expressing this information. (Leave no cells blank - be certain to enter "O" wherever required. Negativeanswers should be indicated by a minus sign. Round your answers to 2 decimal places.)Minimize1.00 A +1.60 Bs.tFuel demandA +BStorageABFuel A availableABFuel B availableА +BBlendA +BА, Вb. Solve the problem using the Excel Solver, giving the amount of each fuel to be used. (Roundnumber.)answers to the nearest wholeDecision for ADecision for BTotal costResourcesUsedDemandStorageFuel AFuel BDlond

Manufacturing business entity can be defined as the form of legal business entity which is engaged in producing the goods, that is transforming the raw material to the finished goods. The manufacturing entity incurs many expenses such as variable, fixed, direct and indirect expenses. a. b. The problem by excel solver:

Business

Accounting

a. Write the equations expressing this information. (Leave no cells blank - be certain to enter "O" wherever required. Negative answers should be indicated by a minus sign. Round your answers to 2 decimal places.)

a. Write the equations expressing this information. (Leave no cells blank - be certain to enter "O" wherever required. Negative answers should be indicated by a minus sign. Round your answers to 2 decimal places.)

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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