1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
3 years ago
14

In order to package one of their products, Acme Box Co. needs to construct a box whose bottom side has length 3 times its width.

The material used to build the top and bottom of the box cost $10 per square foot, while the material used to build the four sides of the box cost $6 per square foot. The box must have a volume of 50 cubic feet. (a) In terms of the length ` of the bottom, the width w of the bottom and the height h of the box (all measured in feet), write a formula for the cost C (in dollars) to construct a box of length `, width w and height h. (b) Given the other conditions specified in the problem, express C as a function of a single variable. (c) Determine the dimensions of the box that minimize the cost. Be sure to justify that you have found dimensions that produce the minimum cost. (You’ll be fired if you submit the maximum cost to your boss!) To the nearest dollar, how much will it cost to build the box at these dimensions?
Business
1 answer:
Len [333]3 years ago
7 0

Answer:

(a)Total Cost, C=20LW+12LH+12WH

(b)C(W)=\dfrac{60W^3+800}{W}

(c)W=1.88ft, L=5.64 ft and H=4.72 ft.

Minimum \:cost, C\approx \$638 $  (to the nearest dollar)$

Explanation:

Given the dimensions of the box to be L,W and H.

(a)

  • The material for the top and bottom of the box cost $10 per square foot
  • The material used to build the four sides of the box cost $6 per square foot.
  • Area of Top and Bottom=2LW
  • Cost of Top and bottom=$10 X 2LW=20LW
  • Area of four Sides =2(LH+WH)
  • Cost of Four Sides =$6*2(LH+WH)=12(LH+WH)
  • Total Cost, C=20LW+12LH+12WH

(b)The bottom side has length 3 times its width.

L=3W

Volume of the box=50 cubic feet.

Volume,V=LWH=3W^2H

3W^2H=50\\H=\dfrac{50}{3W^2}

Substituting L=3W and H=\dfrac{50}{3W^2} into the cost function C.

C=20LW+12LH+12WH

C=20LW+12LH+12WH\\=20*3W*W+12*3W*\dfrac{50}{3W^2}+12W*\dfrac{50}{3W^2}\\=60W^2+\dfrac{600}{W}+\dfrac{200}{W}\\=\dfrac{60W^3+600+200}{W}\\C(W)=\dfrac{60W^3+800}{W}

(c)The minimum cost occurs at the point where the derivative of the cost function equals zero.

If\:C(W)=\dfrac{60W^3+800}{W}\\C'(W)=\dfrac{120W^3-800}{W^2}=0\\120W^3-800=0\\120W^3=800\\W^3=\frac{800}{120}\\ W=1.88

Recall:

L=3W=5.64 feet\\H=\dfrac{50}{3W^2}=\dfrac{50}{3(1.88)^2}=4.72 ft

The dimensions of the box that minimize the cost are W=1.88ft, L=5.64 ft and H=4.72 ft.

Cost of the box at these dimension

C(W)=\dfrac{60W^3+800}{W}\\C(1.88)=\dfrac{60(1.88)^3+800}{1.88}\approx \$638 $  (to the nearest dollar)$

You might be interested in
General Motors Corporation reported the following information in its 10-K report:
arsen [322]

Answer:

General Motors Corporation

a) Inventories are reported on its 2008 balance sheet at $13,042.

b) Inventories would have been reported on its 2008 balance sheet at $14,275 if FIFO inventory costing had been used.

Explanation:

a) Data and Analysis:

Inventories at December 31 ($ millions)                                   2008     2007

Productive material, work in process, and supplies              $4,849 $6,267

Finished product, service parts, etc.                                        9,426  10,095

Total inventories at FIFO                                                         14,275  16,362

Less LIFO allowance                                                                (1,233)   (1,423)

Total automotive and other inventories, less allowances $13,042 $14,939

b) LIFO = Last-in, First-out.  This inventory method assumes that items that were brought into the store last were the first to be sold.  This presupposes that the cost of goods sold will be determined by the most recent items, while the ending inventory will be determined by the latter items.

c) FIFO = First-in, First-out:  This is the opposite of LIFO.  The inventory method assumes that items that were bought first would be the first to be sold.  This method presupposes that the cost of goods sold will be determined by the first items in store, while the ending inventory will be determined by the cost of the most items.

4 0
3 years ago
Which of the following is true of both paying with a check and paying with a debit card? A. Both work like a loan from your bank
Sedaia [141]
<span> B. When used, both take money directly out of a bank account.</span>
7 0
3 years ago
Why should investors invest in a company?
erik [133]

Investors should invest in a company to make more investments. With the company, they can make more money.

7 0
3 years ago
Read 2 more answers
Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic co
Dahasolnce [82]

Answer:

<em>Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic concept of: </em><em><u>scarce </u></em><em><u>resources</u></em>

4 0
2 years ago
The difficulty of converting savings and investments to cash is referred to as ____________ risk.
vovangra [49]
<span>Liquidity. Obviously case would be the most liquid as it can be used immediately without having to convert it. Other things, such as Certificates of Deposit (CDs) are not as liquid because one has to wait until their maturity date to convert them to cash without a penalty.</span>
3 0
3 years ago
Other questions:
  • A difference between cause-related marketing and corporate giving is that corporate giving a. generally involves a specific dona
    5·1 answer
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    13·1 answer
  • As a company prepares to look for talent in a particular position or group, it can evaluate the tasks needed, complete a talent
    8·1 answer
  • Which of the following statements is CORRECT? a. Sinking fund provisions never require companies to retire their debt; they only
    11·1 answer
  • According to the market coverage alternatives, _____ involves ignoring segment differences and offering just one product or serv
    13·2 answers
  • Which of the following accurately describes the effect target costing has on the manufacturing design function? Select one: A. T
    15·1 answer
  • Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere with
    15·2 answers
  • Name the person who is in the process of buying a new home? ​
    11·1 answer
  • Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car ins
    7·1 answer
  • The university of texas and texas a &amp; m university systems get large sums of money for their endowments from oil and gas roy
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!