Formulate and solve the LP with EXCEL Solver

Assignment Help Managerial Accounting
Reference no: EM132839801

Question - Miramichi Farm Supply has just received an order for 10,000 pounds of chicken feed. The farmer has specified certain that the feed meet minimum requirements for Protein, Carbohydrate, Fat and Vitamins. Miramichi Farm can blend four different feeds to produce the required mix. The farmer would like to pay the lowest possible price for the feed. The data for the problem is summarized in the following table.

Miramichi Farm Supply Percent of Nutrient in: Minimum

Nutrient

Feed 1

Feed 2

Feed 3

Feed 4

Req'd Amt

Protein

15

20

30

15

18

Carbohydrate

20

10

10

15

12

Fat

20

30

15

20

20

Vitamin

1

1.50

0.75

0.50

1

Cost/1,000 lbs

$500

$600

$550

$450

 

Required - Formulate and solve the LP with EXCEL Solver.

Reference no: EM132839801

Questions Cloud

How should the firm account for the traditional equity-based : Ten years down the road, How should the firm account for the traditional equity-based compensation plan and the new compensation plan?
TAL030-2 International Hospitality Operations Assignment : TAL030-2 International Hospitality Operations Assignment Help and Solution, University of Bedfordshire - Assessment Writing Service
Difference between innovation and creativity : Pick 2 real products/services that you believe are innovative and explain their features. Remember to focus on the innovative aspects of the product/service
Major force increasing globalization in recent decades : Q1: Which of the following has NOT B. increase in and expansion of technology been a major force increasing globalization in recent decades?
Formulate and solve the LP with EXCEL Solver : Miramichi Farm Supply has just received an order for 10,000 pounds of chicken feed. Formulate and solve the LP with EXCEL Solver
Discuss three different ethical positions or theories : Discuss three different ethical positions or theories that you would apply. Also reference any relevant sections of your professional code of ethics.
Describe what professionalism means : What you think is the most important topic presented in the review module and explain how it affects the patient to payment process (revenue cycle).
Challenges our traditional beliefs about leadership : Servant leadership is a term that often, as stated by Northouse, "seems contradictory and challenges our traditional beliefs about leadership".
Develop an appropriate intervention strategy : Develop an appropriate intervention strategy using the SSM learning cycle. Your intervention should consider the transformation and worldviews

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!

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