Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Each morning, JoelJoel ImeryImery stocks the drink case at JoelJoel's Beach Hut in Naples comma FloridaNaples, Florida. JoelJoel's Beach Hut has 115115 linear feet of

image text in transcribed

image text in transcribed

image text in transcribed

Each morning,

JoelJoel

ImeryImery

stocks the drink case at

JoelJoel's

Beach Hut in

Naples comma FloridaNaples, Florida.

JoelJoel's

Beach Hut has

115115

linear feet of refrigerated display space for cold drinks. Each linear foot can hold either

sevenseven

12-ounce cans or

fivefive

20-ounce plastic or glass bottles.

LOADING...

(Click the icon to view the information on the cold drinks.)

The beverage stand can sell all drinks stocked in the display case each morning.

Read the requirements

LOADING...

.Requirement 1. What is the constraining factor at

JoelJoel's

Beach Hut? What should

JoelJoel

stock to maximize profits? What is the maximum contribution margin he could generate from refrigerated drinks each day?The constraining factor is

linear feet of shelf space

.

JoelJoel's

should stock the drink with the

highest

contribution margin.Complete the product mix analysis to determine which product would maximize

JoelJoel's

profits.

Joel's Beach Hut

Product Mix Analysis

grand-cola

root beer

orange soda

12 oz. Cans

20 oz. Bottles

20 oz. Bottles

x

x

x

Choose from any list or enter any number in the input fields and then click Check Answer.

The beverage stand sells three types of cold drinks:

1.

Grand minus ColaGrandCola

in 12-oz. cans for

$ 1.40$1.40

per can

2.

Root BeerRoot Beer

in 20-oz. plastic bottles for

$ 1.65$1.65

per bottle

3.

Orange SodaOrange Soda

in 20-oz. glass bottles for

$ 2.25$2.25

per bottle

JoelJoel's

Beach Hut pays its suppliers the following:

1.

$ 0.25$0.25

per 12-oz. can of grand minus colagrandcola

2.

$ 0.40$0.40

per 20-oz. bottle of root beerroot beer

3.

$ 0.65$0.65

per 20-oz. bottle of orange sodaorange soda

JoelJoel's

Beach Hut's monthly fixed expenses include the following:

Hut rental. . . . . . . . . . . . . . . . . . . . . . .

$380

Refrigerator rental. . . . . . . . . . . . . . . .

65

Joel's salary. . . . . . . . . . . . . . . . . . . .

1,500

Total fixed expenses. . . . . . . . . . . . . .

$1,945

1.

What is the constraining factor at

JoelJoel's

Beach Hut? What should

JoelJoel

stock to maximize profits? What is the maximum contribution margin he could generate from refrigerated drinks each day?

2.

To provide variety to customers, suppose

JoelJoel

refuses to devote more than

7070

linear feet and no less than

1010

linear feet to any individual product. Under this condition, how many linear feet of each drink should be stocked? How many units of each product will be available for sale each day?

3.

Assuming the product mix calculated in Requirement 2, what contribution margin will be generated from refrigerated drinks each day?

core: 0.29 of 6 pts HW Score: 75.38% 22.6 E8-26A (similar to) schisi Nape Fonds con toccans oct 30 col labo Each morning, Joemeryto d the e che con to view the comedion on the cold on The b estand on the te a ching k oma Requirement. What is to contacter Box Who Shou The constraining cours e el sho for an w Com the product mix h istorinews.ch producto Joel's Beach HM ProMet Analysis grand-cola 12 o C D 2 1 ecode 105 2 25 porto 200 3. 0 co 00 5 i Data Table for cold in heo The beverage stand sells three types of cold drinks: 1. Grand - Cola in 12-oz. cans for $1.40 per can 2. Root Beer in 20-oz. plastic bottles for $1.65 per bottle 3. Orange Soda in 20-oz. glass bottles for $2.25 per bottle Joel's Beach Hut pays its suppliers the following 1. $0.25 per 12-oz can of grand-cola 2. $0.40 per 20-oz. bottle of root beer 3. $0.65 per 20-oz bottle of orange soda Joel's Beach Hut's monthly fixed expenses include the following: Hut rental Refrigerator rental 380 65 1,500 Joel's salary Total fixed expenses 1,945 Print Done Each moming, Joel Imery stocks the drink case at Joel's Beach Hut in Naples, Florida. Joel's Beach Hut has 115 linear feet of refrigerat! (Click the icon to view the information on the cold drinks.) The beverage stand can sell all drinks stocked in the display case each morning Read the requirements Requirement 1. What is the constraining factor at Joel's Beach Hut? What should Joel stock to maximize profits? What is the maimum The constraining factor is linear feet of shelf space J oel's should stock the drink with the highest contribution margin Complete the product mix analysis to determine which product would maimize Joel's profits. Joel's Beach Hut Product Mix Analysis grand-cola root beer orange soda 12 oz. Cans 20 oz. Bottles 20 oz. Bottles Choose from any list or enter any number in the input fields and then click Check Answer. 5 5 parts remaining

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Today

Authors: Emile Woolf

3rd Edition

013052168X, 9780130521682

More Books

Students also viewed these Accounting questions

Question

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago