Question
A rock company uses five types of rocks to fill six orders. The phosphate content, availability of each type of rock, and the production cost
A rock company uses five types of rocks to fill six orders. The phosphate content, availability of each type of rock, and the production cost per pound for each rock are listed in the file P04_76.xlsx, as well as the size of each order and the minimum and maximum phosphate percentage in each order. What is the minimum total cost?
| Rock orders | ||||||
| Rock type | Cost/lb | % phosphate | Amount (lbs) | |||
| 1 | $1.00 | 2.0% | 8000 | |||
| 2 | $5.00 | 5.0% | 6000 | |||
| 3 | $5.50 | 4.5% | 7000 | |||
| 4 | $2.00 | 3.0% | 4000 | |||
| 5 | $1.20 | 6.0% | 4500 | |||
| Order | 1 | 2 | 3 | 4 | 5 | 6 |
| Size (lbs) | 5000 | 6000 | 5000 | 3500 | 5500 | 3500 |
| Min % phosphate | 3.5% | 3.8% | 4.0% | 3.6% | 3.3% | 3.7% |
| Max % phosphate | 4.4% | 4.6% | 4.7% | 4.8% | 4.7% | 4.8% |
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Accounting And Finance For Non-Specialists
Authors: Eddie McLaney, Peter Atrill
11th Edition
1292244011, 9781292244013
