Complete the questions below. Submit only an Excel spreadsheet with your name, one tab for each...

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Finance

Complete the questions below. Submit only an Excel spreadsheetwith your name, one tab for each question, and your Excel Solversolution; ensure that you clearly identify each answer.

A local pastry shop is planning their next morning’s production.The shop has three main items that they sell: cakes, cupcakes, andcannolis. All of these are made in-house with the shop’s owningredients. The recipes for these items are as follows:

Cakes: 5 eggs, 2 cups flower, 15 g of sugar, 1 cup of milk

Cupcakes: 2 egg, 0.5 cups of flower, 10 g of sugar, 0.25 cup ofmilk

Cannoli: 4 eggs, no flower, 25 g of sugar, 0.25 cup of milk

The pastry shop sells cakes for $8, cupcakes for $3, andcannolis for $6. At the moment, there are 150 eggs, 50 cups offlower, 5 kg of sugar, and 4 gallons of milk available.

1. How much of each item should the pastry shop make in order tomaximize their potential profit? What is their maximum potentialprofit?

2. Suppose the shop had to make at least 5 of each item in orderto keep a sufficient variety ready? What would be the new optimalcombination? What is their maximum
potential profit now?

3. Now suppose that tomorrow they are receiving an order of 100eggs, 35 cups of flour, 3 kg of sugar, and 2 gallons of milk. Whatproduction plan maximizes your potential profit for the next twodays? What is this maximum potential profit? Remember that theymust still make at least 5 of each item every day.

Answer & Explanation Solved by verified expert
4.4 Ratings (822 Votes)
Please note that there is now way we can give you an excelsheet You will have to prepare your own sheet However I havelaid down step by step procedure so that you can prepare your ownexcel at your end I have also provided the snapshots of theanswers so that you can checkPlease note that requirement of sugar is in gms while openinginventory of sugar is in kg Hence we will use 5 kg of sugar 5000 gms 1 gallon of milk 16    See Answer
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