Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Purchasing and Supply Management #4 Hershey Chocolate Company You are responsible for managing the supply of cacao beans for Hershey's Chocolate Company. Your assignment is

image text in transcribed
Purchasing and Supply Management #4 Hershey Chocolate Company You are responsible for managing the supply of cacao beans for Hershey's Chocolate Company. Your assignment is to determine how many pounds of cacao beans are needed for 30 production days. Our manufacturing operation runs 8760 hours per year. Givens: Manufacturing yield for beans processed into chocolate = 98.85% (1.15% waste). Production schedule for next 30 days: 12,000,000 plain Hershey bars, each weighing 1.75 ounces. Bars contain 80% chocolate from beans. The other 20% is from milk, sugar, and flavorings. 8,000,000 Hershey bars with almonds, each weighing 1.75 ounces. Bars contain 65% chocolate from beans. Losses within the Hershey bar manufacturing processes, from the batching of ingredients on thru delivery of finished goods candy into the warehouse = 2.05%. Historical manufacturing records show actual production of bars to be 96.4% of the schedule. Using the numbers given, calculate the pounds of cacao beans required for the production of both plain and almond Hershey bars for the next 30 days? ***You must show your work

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

Personal Finance For Musicians

Authors: Bobby Borg

1st Edition

1538163306, 978-1538163306

More Books

Students also viewed these Finance questions