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I only need help with Requirement 2 :-) there is no missing data, the needed data is in requirement 1 Each morning, Mike Ivery stocks
I only need help with Requirement 2 :-)
there is no missing data, the needed data is in requirement 1
Each morning, Mike Ivery stocks the drink case at Mike's Beach Hut in Charlotte, North Carolina. Mike's Beach Hut has 130 linear feet of refrigerated display space for cold drinks. Each linear foot can hold either five 12-ounce cans or four 20 ounce plastic or glass bottles. (Click the icon to view the information on the cold drinks.) The beverage stand can sell all drinks stocked in the display case each moming. Read the requirements, tobe-cola boost-soda right-cola 12 oz. Cans 20 oz. Bottles 20 oz. Bottles $ 1.55 S 1.65 $ 2.20 0.65 0.25 0.30 Sales price per unit Variable cost per unit Contribution margin per unit Units per linear foot of shelf space 1.30 1.35 1.55 4 * $ 6.50 5.40 $ 6.20 Contribution margin per linear foot of shelf space ToBe-Cola 12-oz, cans has the highest contribution margin per linear foot of shelf space. To maximize profits, Mike's should devote all its shelf space to tobe-cola 12-oz. cans (Round your answer to the nearest Whole dollar.) 8469 The maximum contribution margin that Mike could generate each day from refrigerated drinks is s Requirement 2. To provide variety to customers, suppose Mike refuses to devote more than 70 linear feet and no less than 15 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? Show how Mike should stock his shelves, based on each product's contribution margin (CM): : : 1st stock maximum contraint of Next minimum constraint of Stock the remaining linear ft. with product having the linear it with product having the linear ft. with product having the CM Step by Step Solution
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