Vancouver Cones (VC) is a local ice-cream store owned by Jim Halpert. VC makes their ice-cream fresh daily and pride themselves on the quality of ingredients they use in their recipes. The three flavors VC makes are Chocolate, Vanilla and Strawberry. All of the ice-cream flavors are made by Jim Halpert, who wakes up at 5am every day and spends four hours mixing and making individual tubs of ice-cream. As his recipes are a Halpert family secret, he is the only person who makes the ice-cream, however, this does limit him as he can only make ice-cream for exactly four hours per day. As the popularity for the ice- cream has increasing drastically, Jim wants to ensure that he is being as efficient as possible with his limited time. He has asked you to review his numbers (Appendix I) and prepare a monthly breakdown of how many tubs of each ice-cream flavor he should make if he were to maximize the operating income for Vancouver Cones. Andy would like you to prepare the quantitative analysis based on a 30-daymonth. Jim has asked that you submit a professional document, complete with purpose, assumptions(if necessary)and conclusion, as he is ordering his raw materials on Monday, September 28 and will not have time to make any edits or changes to your quantitative analysis. Appendix 1 Selling Price Direct materials Direct labour Variable manufacturing overhead Variable selling cost per tub of ice-cream Minutes per tub of ice-cream Chocolate $8.00 $0.65 $1.05 $0.20 $1.00 2.7 Vanilla $6.15 $0.60 $1.15 $0.25 $1.00 1.8 Strawberry $9.00 $0.90 $1.20 $0.22 $1.00 3.2 Minutes per tub ofice-cream Monthly Demand per tub of ice-cream Total minutes required Chocolate 2.7 800 Vanilla 1.8 1,200 2,160 Strawberry 3.2 1,100 3,520 2,160