User Account

All Pages

Draw a neat diagram and identify the optimal point

Assignment Help Managerial Accounting
Reference no: EM133081512

Question - India Tea Company holds two kinds of tea leaves in its inventory - Grade 1 and Grade 2. The quantity of Grade1 tea held in inventory is currently 750 kg and the quantity of Grade2 tea held in inventory is currently 1200 kg. The two types of tea are then mixed in two types of packages weighing one kilogram each - the Economy pack and the Special pack. The economy pack consists of grade1 and grade2 types of tea in a ratio of 1:3, while the special pack combines the two categories of tea in equal proportion. The profit margins on the Economy pack and the Special pack are Rs5/- and Rs8/- respectively.

-Formulate the above as a linear programming problem.

-Draw a neat diagram and identify the optimal point.

-Would your answer be different if the profit margin on a special pack is Rs 10/- per pack? Show your working and then come to your conclusion.

-If the profit margin of a special pack is Rs. 10/pack, would the optimal point be unique? Why?

Reference no: EM133081512

Questions Cloud

How much do you need to save : How much do you need to save if you are 40 years of age. Want to retire at the age of 65 years of age with a salary of $120,000 per year
Determine the gross profit in dollars : Presented below are the items included on the financial statements of We Just Might Make It Corporation - Determine the Gross Profit in dollars
Handling change management on health care project : What are some strategies when handling change management on a health care project? What is the impact of change?
Analyze how economic concentration : Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
Draw a neat diagram and identify the optimal point : Question - India Tea Company holds two kinds of tea leaves in its inventory - Grade 1 and Grade 2. Draw a neat diagram and identify the optimal point
Question - Prepare a Statement of Operations : Question - Prepare a Statement of Operations. Not all accounts listed may be used in solving this problem. Be sure to show Excel textbox and Excel formulas
Walmart is managing ethics and social responsibility : Assess how Walmart is managing ethics and social responsibility as one of the largest corporations in the world.
Difference between dysphasia and dysphonia : What is body language ? What is the difference between dysphasia and dysphonia ? What is paraphrasing ? What does anacusis mean?
What was the net income before tax : Question - You are requested to reconstruct the accounts of Medvedev Laboratory for analysis. What was the net income before tax for 2020

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd