Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. a small candy shop is preparing for the holiday se

A small candy shop is preparing for the holiday season. The owner must decide how many...

70.2K

Verified Solution

Question

General Management

A small candy shop is preparing for the holiday season. Theowner must decide how many bags of deluxe mix and how many bags ofstandard mix of Peanut/Raisin Delite to put up. The deluxe mix has.67 pound raisins and .33 pound peanuts, and the standard mix has.55 pound raisins and .45 pound peanuts per bag. The shop has 80pounds of raisins and 65 pounds of peanuts to work with.
Peanuts cost $.65 per pound and raisins cost $1.60 per pound. Thedeluxe mix will sell for $2.70 per pound, and the standard mix willsell for $2.60 per pound. The owner estimates that no more than 125bags of one type can be sold.

a. If the goal is to maximize profits, how many bags ofeach type should be prepared? Use Excel Solver. (Roundintermediate cost calculations to 2 decimal places and round youranswers to the nearest whole number.)

Deluxebags
Standardbags

  
b. What is the expected profit? Use Excel Solver.(Enter your answer based on the unrounded (not rounded)decision variable values from Part a. Round your answer to thenearest whole number. Omit the "$" sign in yourresponse.)

Profit           $

Answer & Explanation Solved by verified expert
4.0 Ratings (549 Votes)
Let x represent bags of deluxe mix and y represent bags of standard mix The profit on the onepound bag    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

You are conducting a multinomial Goodness of Fit hypothesis test for the claim that the 4...

Statistics
1.2K views

3. A political candidate wants to estimate the mean income in her district. If the standard...

Psychology
1.2K views

What evidence indicates that colonists continued to think of themselves as British subjects throughout this era?...

Biology
1.2K views

Which of the following countries is least likely to institute a market capitalism economy O...

Basic Math
1.2K views

Kristina invests 15 000 at 15 simple interest for year How much is in the...

Basic Math
1.2K views

Suppose that the relation T is defined as follows.T= {(-5, -3), (-9, -6), (-5,5)}Give the...

Accounting
1.2K views

(a2) For each of the following cost flow assumptions, calculate (i)...

Accounting
1.2K views

Board of directors can never be the panacea to the agency conflict between managers and...

Accounting
1.2K views

Three advantages of owning a sole proprietorship Unification of ownership and management. ...

Accounting
1.2K views

FinTon Inn is having hard time catching up with the breakeven points due to low...

Accounting
1.2K views

Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 points Woodwick Company...

Finance
1.2K views

please help me. thank you Help Save & C Gemstone Products located in...