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
konstantin123 [22]
3 years ago
6

Neilsen Cookie Company sells its assorted butter cookies in containers that have a net content of 1 lb. The estimated demand for

the cookies is 700,000 1 lb containers. The setup cost for each production run is $546, and the manufacturing cost is $0.47 for each container of cookies. The cost of storing each container of cookies over the year is $0.35. Assuming uniformity of demand throughout the year and instantaneous production, how many containers of cookies should Neilsen produce per production run in order to minimize the production cost
Business
1 answer:
velikii [3]3 years ago
6 0

Answer:

46,734 units per run

Explanation:

total estimated demand = 700,000 containers

setup costs per production run = $546

manufacturing cost = $0.47 per container

holding cost = $0.35 per container

r = 700,000 / x

total setup costs = 546r = 546 (700,000/x) = 382,200,000/x

production costs = 0.47 x 700,000 = 329,000

storage cost per unit= 1/2r x 0.35 = 0.35/2(700,000/x) = 0.35x/1,400,000

total storage costs = 700,000 x 0.35x/1,400,000 = 0.175x

C(x) = 382,200,000/x + 0.175 x + 329,000

now we find the derivative:

C'(x) = -382,200,000/x² + 0.175

382,200,000/x² = 0.175

382,200,000 = 0.175x²

x² = 382,200,000 / 0.175 = 2,184,000,000

x = √2,184,000,000 = 46,733.28 ≈ 46,734 units per run

this answer is based on a continuous production process, there are 14.98 runs per year

You might be interested in
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date                Account                    DR.          Cr.

March 24         Cash                   $26,000    

                        Owner's Capital                  $26,000

September 8   Cash                   $6,500    

                        Account receivable           $6,500

Download xlsx
6 0
3 years ago
The Hi-Stakes Company has a number of importing and exporting transactions. Importing activities result in payables and exportin
Lorico [155]

Answer:

The Hi-Stakes Company

a. If the direct exchange rate increases, the dollar strengthens relative to the other currency.

b. If the indirect exchange rate increases, the dollar also strengthens relative to the other currency.

Explanation:

When the exchange rate increases, it means that more of the other currency is required in order to embark on importing and exporting transactions.  However, the increases will weaken the ability of the importing currency to afford the dollar-based goods, which have then being made more expensive.

3 0
3 years ago
What are two examples of management information systems?
Anettt [7]

Answer:

process control systems, human resource management systems, sales and marketing systems, inventory control systems, office automation systems, enterprise resource planning systems, accounting and finance systems and management reporting systems.

Explanation:

8 0
3 years ago
Quadcopters plans to sell a standard quadcopter ​(toy drone) for $ 55 and a deluxe quadcopter for $ 85. Funtime purchases the st
Harman [31]

Answer:

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

to earn $7,700,  number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

Explanation:

Given:

Selling cost of standard quadcopter = $55

Selling cost of deluxe quadcopter = $85

Purchasing cost of standard quadcopter = $45

Purchasing cost of deluxe quadcopter = $65

monthly fixed expenses = $ 11,900

Now,

let the number standard quadcopter sold be 'x'

thus, according to the question

the number deluxe quadcopter sold will be = 2x

also,

at break-even

total cost = total revenue

or

Total fixed cost + Total purchasing cost = Total revenue

or

$11,900 + ($45x + $65 × 2x) = $55x + $85 × 2x

or

$11,900 + $45x + $130x = $55x + $170x

or

$11,900 + $175x = $225x

or

$225x - $175x = $11,900

or

$50x = $11,900

or

x = 238

Hence,

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

To earn $7,700

Earning = Total Revenue - Total cost

$7,700 = ( $55x + $85 × 2x ) - [$11,900 + ($45x + $65 × 2x)]

$7,700 = $225x - $11,900 - $175x

or

$7,700 + $11,900 = $50x

or

$50x = $19,600

or

x = 392

Therefore,

to earn $7,700,  number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

4 0
3 years ago
A leasea) Must be for at least one yearb) Conveys the right of occupancy to anotherc) Must include the landlord paying the taxes
Y_Kistochka [10]

Answer:

b) Conveys the right of occupancy to another

Explanation:

A lease is an agreement made between a lessee and a lessor for using an asset. A lessee is a user who pays to the lessor who is the owner for any asset which can be a building, property or a vehicle. The lessee owns the right to use the asset by paying to the lessor for the fixed duration. Usually, the asset put into a lease are tangible but can be intangible too.

3 0
3 years ago
Other questions:
  • What will be the amount accumulated by each of the given present investment? (a) (a) $5,500 in 10 years at 9% compounded semiann
    11·1 answer
  • The fourth step of the marketing research approach is to __________.
    7·1 answer
  • a) what does it take, exactly, for a worker to earn a wage? b) how is interest income earned? c) how is ‘capital gain’ income ea
    7·1 answer
  • A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction
    9·1 answer
  • which of the following is true of both paying with a check and paying with a debit card? aa personal identification number must
    10·1 answer
  • The United States is able to experience economic growth to the extent that
    8·2 answers
  • Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f
    11·2 answers
  • The production department in a process manufacturing system completed 80,000 units of product and transferred them to finished g
    12·1 answer
  • A company reports Gross margin of $100,000, Cost of goods sold of $70,000, and Selling and administrative expenses of $45,000. N
    13·1 answer
  • The group of people within an organization who make business buying decisions are best described as _______.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!