Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all requirements. Homework: Chapter 11 Homework Save Score: 0 of 12 pts 6 of 6 (0 complete) HW Score: 0%, 0 of 100
Please answer all requirements.
Homework: Chapter 11 Homework Save Score: 0 of 12 pts 6 of 6 (0 complete) HW Score: 0%, 0 of 100 pts P11-48 (similar to) A Question Help Dawn Simpson, Inc., sells two popular brands of cookies: Dawn's Delight and Bailey's Bourbon. Dawn's Delight goes through the Mixing and Baking departments, and Bailey's Bourbon, a filled cookie, goes through the Mixing, Filling, and Baking departments. Michael Shirra, vice president for sales, believes that at the current price, Dawn Simpson can sell all of its daily production of Dawn's Delight and Bailey's Bourbon. Both cookies are made in batches of 3,100. (Click the icon to view the time required per batch and the total time available.) (Click the icon to view the revenue and cost data.) Read the requirements Requirement 1. Using to represent the batches of Dawn's Delight and B to represent the batches of Bailey's Bourbon made and sold each day, formulate Shirra's decision as an LP model. Begin by determining the linear function. Total contribution margin - X Requirements Data Table X - 1. Using D to represent the batches of Dawn's Delight and B to represent the batches of Bailey's Bourbon made and sold each day, formulate Shirra's decision as an LP model. 2. Compute the optimal number of batches of each type of cookie that Dawn Simpson, Inc., should make and sell each day to maximize operating income. In each department, the time required per batch and the total time available each day are as follows: Data Table Print Done B D 1 Revenue and cost data for each type of cookie are as follows: 2 Department Minutes Mixing Baking 26 0 6 Filling 3 Dawn's Delight 12 12 12 4 Bailey's Bourbon 5 Total available per day B Dawn's Bailey's Delight Bourbon $ 500$ 425 200 150 702 240 282 1 Revenue per batch 2 Variable cost per batch Print Done $ 300 $ 275 3 Contribution margin per batch Monthly fixed costs (allocated to 4 each product) 18,450 $ 22,550 Print Done Choose from any drop-down list and then click CheckStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started