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Zesty is sold for $2.25, how many containers of Regular and Zesty should New England Cheese produce?

Zesty is sold for $2.25, how many containers of Regular and Zesty should New England Cheese produce?

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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The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese. spreads are packaged in 12-ounce containers, which are the distributors throughout the Northeast. The Regular blend contains 80% mild cheddar and 20% extra sharp, and the Zesty blend contains 60% mild cheddar and 40% extra sharp. This year, a local dairy coo provide up to 8,055 pounds of mild cheddar cheese for $1.20 per pound and up to 2,970 pounds of extra sharp cheddar cheese for $1.40 per pound. The cost to blend and package the cheese spreads, excl the cheese, is $0.20 per container. If each container of Regular is sold for $1.90 and each container of Zesty is sold for $2.25, how many containers of Regular and Zesty should New England Cheese produce?
Transcribed Image Text:The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese. spreads are packaged in 12-ounce containers, which are the distributors throughout the Northeast. The Regular blend contains 80% mild cheddar and 20% extra sharp, and the Zesty blend contains 60% mild cheddar and 40% extra sharp. This year, a local dairy coo provide up to 8,055 pounds of mild cheddar cheese for $1.20 per pound and up to 2,970 pounds of extra sharp cheddar cheese for $1.40 per pound. The cost to blend and package the cheese spreads, excl the cheese, is $0.20 per container. If each container of Regular is sold for $1.90 and each container of Zesty is sold for $2.25, how many containers of Regular and Zesty should New England Cheese produce?
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