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Rock orders Cost/lb $1.00 Rock type % phosphate Amount (Ibs) 1 2.0% 8000 $5.00 5.0% 6000 $5.50 4.5% 7000 4 $2.00 3.0% 4000 5 $1.20 6.0% 4500 Drder Size (Ibs) Min % phosphate Max % phosphate 1 2 4 5 5000 6000 5000 3500 5500 3500 3.5% 3.8% 4.0% 3.6% 3.3% 3.7% 4.4% 4.6% 4.7% 4.8% 4.7% 4.8%

Rock orders Cost/lb $1.00 Rock type % phosphate Amount (Ibs) 1 2.0% 8000 $5.00 5.0% 6000 $5.50 4.5% 7000 4 $2.00 3.0% 4000 5 $1.20 6.0% 4500 Drder Size (Ibs) Min % phosphate Max % phosphate 1 2 4 5 5000 6000 5000 3500 5500 3500 3.5% 3.8% 4.0% 3.6% 3.3% 3.7% 4.4% 4.6% 4.7% 4.8% 4.7% 4.8%

FINANCIAL ACCOUNTING
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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A rock company uses five types of rocks to fill six orders. The phosphate content, availability of each type of rock, and the production cost per pound for each rock are shown the picture, as well as the size of each order and the minimum and maximum phosphate percentage in each order. What is the minimum total cost?

Rock orders Rock type Cost/lb $1.00 % phosphate Amount (Ibs) 1 2.0% 8000 2 $5.00 5.0% 6000 $5.50 $2.00 $1.20 4.5% 7000 3.0% 4000 6.0% 4500 Order 1 2 3 4 Size (Ibs) 5000 6000 5000 3500 5500 3500 Min % phosphate Max % phosphate 3.5% 3.8% 4.0% 3.6% 3.3% 3.7% 4.4% 4.6% 4.7% 4.8% 4.7% 4.8%
Transcribed Image Text:Rock orders Rock type Cost/lb $1.00 % phosphate Amount (Ibs) 1 2.0% 8000 2 $5.00 5.0% 6000 $5.50 $2.00 $1.20 4.5% 7000 3.0% 4000 6.0% 4500 Order 1 2 3 4 Size (Ibs) 5000 6000 5000 3500 5500 3500 Min % phosphate Max % phosphate 3.5% 3.8% 4.0% 3.6% 3.3% 3.7% 4.4% 4.6% 4.7% 4.8% 4.7% 4.8%
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