Flor’s Flours is small business that produces two types of ready-to-use multigrain flours using organic products such as bulgur wheat, garbanzos, and jasmine rice and sells them at a Farmer’s Market every weekend. The first blend is called Pancake-Me and is priced at $6.50 per lb. and the second blend is called the Bake-Me and is priced at $4.50 per lb. These healthier versions of the traditional flour used for cooking and baking are fairly popular and Flor realizes that she needs to have a more formalized method of how to blend the flours if she hopes to minimize her costs and maximize her profits by continuing to sell the flours on a larger scale. The costs of obtaining the components – bulgur wheat, garbanzos, and jasmine rice are different. With a lot of painstaking trial-and-error, Flor has found that the following guidelines must be met to ensure that the Flours meet the flavor-profile that consumers prefer: Pancake-Me Blend should have: At least 50% bulgur wheat At least 20% garbanzos At the most 15% jasmine rice Bake-Me Blend should have: At the most 60% bulgur wheat At least 25% garbanzos At the most 10% jasmine rice Moreover, Flor can obtain 150 lbs. of bulgur wheat at $1.25 per lb., 100 lbs. of garbanzos at $0.87 per lb. and 75 lbs. of jasmine rice at $1.79 per lb. for the next month’s production by ordering whole grains in bulk on the internet. The other caveat is that at least 100 pounds of the Bake-Me blend needs to be made available to cover the next month’s demand at the Farmer’s Market. Based on this information, answer the following questions: a. Flor’s profit for the month would be $(round to two decimal places) b. Fill in the following table to show how much of each component Flor should use for each blend and what her total monthly production of each flour is (you can write whole numbers):   Component

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

Flor’s Flours is small business that produces two types of ready-to-use multigrain flours using organic products such as bulgur wheat, garbanzos, and jasmine rice and sells them at a Farmer’s Market every weekend. The first blend is called Pancake-Me and is priced at $6.50 per lb. and the second blend is called the Bake-Me and is priced at $4.50 per lb. These healthier versions of the traditional flour used for cooking and baking are fairly popular and Flor realizes that she needs to have a more formalized method of how to blend the flours if she hopes to minimize her costs and maximize her profits by continuing to sell the flours on a larger scale. The costs of obtaining the components – bulgur wheat, garbanzos, and jasmine rice are different. With a lot of painstaking trial-and-error, Flor has found that the following guidelines must be met to ensure that the Flours meet the flavor-profile that consumers prefer:

Pancake-Me Blend should have:

  • At least 50% bulgur wheat
  • At least 20% garbanzos
  • At the most 15% jasmine rice

Bake-Me Blend should have:

  • At the most 60% bulgur wheat
  • At least 25% garbanzos
  • At the most 10% jasmine rice

Moreover, Flor can obtain 150 lbs. of bulgur wheat at $1.25 per lb., 100 lbs. of garbanzos at $0.87 per lb. and 75 lbs. of jasmine rice at $1.79 per lb. for the next month’s production by ordering whole grains in bulk on the internet. The other caveat is that at least 100 pounds of the Bake-Me blend needs to be made available to cover the next month’s demand at the Farmer’s Market. Based on this information, answer the following questions:

a. Flor’s profit for the month would be $(round to two decimal places)

b. Fill in the following table to show how much of each component Flor should use for each blend and what her total monthly production of each flour is (you can write whole numbers):

 

Component

 
 

Wheat

Garbanzo

Rice

TOTAL

Pancake-Me

 

 

 

 

Bake-Me

 

 

 

 

TOTAL

 

 

 

 

 
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.