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1. Audriana, the owner of an ice cream truck, estimates that her truck will sell 18,000...
Question Help A company produces regular and deluxe ice cream at three plants. Per hour of operation, Plant A produces...
Question Help A company produces regular and deluxe ice cream at three plants. Per hour of operation, Plant A produces 20 gallons of regular ice cream and 10 gallons of deluxe ice cream. Plant H produces 10 gallons of regular ice cream and 20 gallons of deluxe ice cream, and Plant M produces 20 gallons of regular and 20 gallons of deluxe. It costs $70 per hour to operate Plant A, $78 per hour to operate Plant H, and $110...
Problem 1: An ice cream shop finds that its weekly profit P (measured in dollars) as a function of the price x (me...
Problem 1: An ice cream shop finds that its weekly profit P (measured in dollars) as a function of the price x (measured in dollars) it charges per ice cream cone is given by the function k, defined by kx)-125x2 +670x 125 where P k(x). a) Determine the maximum weekly profit and the price of an ice cream cone that produces that maximum profit b) The cost of the ice cream cone is too low then the ice cream shop...
Katty needs to purchase milk to make ice cream. The supplier charges a $60 fixed fee...
Katty needs to purchase milk to make ice cream. The supplier charges a $60 fixed fee per order and $4.75 per kg. Her annual holding cost is 25%. She needs 1000 kgs of milk per day. Assume 260 working days per year. If Katty wants to minimize inventory holding and ordering costs, what is the average flow time? **I know that the correct answer is 2.5 days but how do I get this?
You are the operations manager of Spartan Ice Cream Shoppe that produces its own ice cream....
You are the operations manager of Spartan Ice Cream Shoppe that produces its own ice cream. You make and sell five flavors; Vanilla (v), Chocolate (c), Pistachio (p), Banana (b) and Rocky Road (rr). You want to make as much money as you can, of course. The profits per gallon for the five flavors are Vanilla: $40, Chocolate: $55, Pistachio: $70, Banana: $75 and Rocky Road: $90. You can make up to 200 gallons. You have to make at least...
You are the financial manager of a small ice cream company, planning to launch a new...
You are the financial manager of a small ice cream company, planning to launch a new product. This is a small chocolate-coated ice cream, containing no colouring or flavouring additives, available in a wide range of different varieties aimed at the children’s market. It will be produced as a boxed unit containing 24 ice creams. Prepare an information paper for senior managers within the company which explains the key financial statements comprising business accounts. It should describe each type of...
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West...
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in successive weeks during the busy August season. The number of people who entered the store was roughly the same each week. During the first week, she priced the cones at $6.00 and 2,515 cones were sold. During the second week, she priced the cones at...
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West...
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in successive weeks during the busy August season. The number of people who entered the store was roughly the same each week. During the first week, she priced the cones at $3.60 and 1,855 cones were sold. During the second week, she priced the cones at...
McDuff Preservers expects to bottle and sell 2,300,000 32-oz jars of jam at a uniform rate...
McDuff Preservers expects to bottle and sell 2,300,000 32-oz jars of jam at a uniform rate throughout the year. The company orders its containers from Consolidadted Bottle Company. The cost of ordering a shipment of bottles is $193, and the cost of storing each empty bottle for a year is $0.48. (Assume that each shipment of bottles is used up before the next shipment arrives. Round your answer to the nearest whole number. How many orders should McDuff place per...
1. Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on...
1. Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $3 per labor-hour. Strawberry and vanilla flavors are produced in Department SV. Chocolate is produced in Department C. Sven manages Department SV and Charlene manages Department C. The product costs (per thousand gallons) follow: Strawberry Vanilla Chocolate Direct labor (per 1,000 gallons) $ 752 $ 827 $ 1,127 Raw materials (per 1,000 gallons) 802 502 602 Required: a....
purchases 40,000 boxes of ice cream cones over each 200-dav dering costs are $100 7-5 The...
purchases 40,000 boxes of ice cream cones over each 200-dav dering costs are $100 7-5 The Ethel Company period of business. Carrying costs are $2 per box and or per order. The company desires to maintain a safety stock of 500 boxes (on hand initially) and two days are required for delivery (a) What is the economic order quantity? (b) What is the optimal number of orders to be placed? (c) What is the total inventory cost associated with the...
Question Help A company produces regular and deluxe ice cream at three plants. Per hour of operation, Plant A produces 20 gallons of regular ice cream and 10 gallons of deluxe ice cream. Plant H produces 10 gallons of regular ice cream and 20 gallons of deluxe ice cream, and Plant M produces 20 gallons of regular and 20 gallons of deluxe. It costs $70 per hour to operate Plant A, $78 per hour to operate Plant H, and $110...
Problem 1: An ice cream shop finds that its weekly profit P (measured in dollars) as a function of the price x (measured in dollars) it charges per ice cream cone is given by the function k, defined by kx)-125x2 +670x 125 where P k(x). a) Determine the maximum weekly profit and the price of an ice cream cone that produces that maximum profit b) The cost of the ice cream cone is too low then the ice cream shop...
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in successive weeks during the busy August season. The number of people who entered the store was roughly the same each week. During the first week, she priced the cones at $3.60 and 1,855 cones were sold. During the second week, she priced the cones at...
McDuff Preservers expects to bottle and sell 2,300,000 32-oz jars of jam at a uniform rate throughout the year. The company orders its containers from Consolidadted Bottle Company. The cost of ordering a shipment of bottles is $193, and the cost of storing each empty bottle for a year is $0.48. (Assume that each shipment of bottles is used up before the next shipment arrives. Round your answer to the nearest whole number. How many orders should McDuff place per...
purchases 40,000 boxes of ice cream cones over each 200-dav dering costs are $100 7-5 The Ethel Company period of business. Carrying costs are $2 per box and or per order. The company desires to maintain a safety stock of 500 boxes (on hand initially) and two days are required for delivery (a) What is the economic order quantity? (b) What is the optimal number of orders to be placed? (c) What is the total inventory cost associated with the...
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