An animal feed to be mixed from soybean meal and oats must contain at least 120120 lb of protein, 2121 lb of fat, and 1010 lb of mineral ash. Each sack of soybeans costs $ 15$15 and contains 5050 lb of protein, 77 lb of fat, and 55 lb of mineral ash. Each sack of oats costs $55 and contains 1515 lb of protein, 55 lb of fat, and 1 lb of mineral ash. How many sacks of each should be used to satisfy the minimum requirements at minimum cost? Are the answers reasonable? How could they be interpreted?

An animal feed to be mixed from soybean meal and oats must contain at least 120120 lb of protein, 2121 lb of fat, and 1010 lb of mineral ash. Each sack of soybeans costs $ 15$15 and contains 5050 lb of protein, 77 lb of fat, and 55 lb of mineral ash. Each sack of oats costs $55 and contains 1515 lb of protein, 55 lb of fat, and 1 lb of mineral ash. How many sacks of each should be used to satisfy the minimum requirements at minimum cost? Are the answers reasonable? How could they be interpreted?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 2CE: Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing cost of 52...

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