An animal feed to be mixed from soybean meal and oats must contain at least 168 lb of protein, 27 lb of fat, and 14 lb of mineral ash. Each sack of soybeans costs $ 21 and contains 70 lb of protein, 9 lb of fat, and 7 lb of mineral ash. Each sack of oats costs $7 and contains 21 lb of protein, 7 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 168 lb of protein, 27 lb of fat, and 14 lb of mineral ash. Each sack of soybeans costs $ 21 and contains 70 lb of protein, 9 lb of fat, and 7 lb of mineral ash. Each sack of oats costs $7 and contains 21 lb of protein, 7 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?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 9EA: Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a...

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Underground Food Store has 6,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.40. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.70 per pound, and each pound could be sold for $6.40. What should be done with the beef, and why? If required, round final answers to two decimal places. The beef should be processed further since the sales price will increase by $??? per pound and the cost only increase by $???? per pound.
Underground Food Store has 6,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.40. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.40. What should be done with the beef, and why? If required, round final answers to two decimal places. The beef processed further since the sales price by $ per pound and the cost only by $ per pound.
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