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

  How do help sustain zara value proposition

What are some of the unique key elements of Zara's business model and market strategy? How do they help sustain Zara's value proposition?

  What are the cash receipts from customers

If sales are $45 000, and the beginning and closing accounts receivable balances are $33 000 and $42 000 respectively, what are the cash receipts from customers

  Why is ethical behaviour important for managerial accounting

Write a short report describing three more alternative types of financing Kangaroo express might consider. Explain the risk and return implications of each alternative for the Marsupials.

  Determine the target cost for one little lasik

Determine the target cost for one Little Lasik. The company has recently been involved in developing various types of laser guns

  Critically evaluate the csr reporting by the company

ACCT20071 - Foundations in Accounting - Critically evaluate the CSR reporting by the company coco cola amatil to identify the primary and secondary stakeholders of this company and discuss whether this company has used managerial or ethical branch ..

  Find and explain the importance of non-financial performance

Find and Explain the importance of non-financial performance indicators in the modern competitive business environment, supporting your discussion.

  How the methods differ regarding the time periods

How the methods differ regarding the time periods in which Bad Debt Expense is recognized? Which method do you believe should be used and why?

  Create income statement for year using absorption costing

Lion Inc. produces a single product, Create income statement for the year using absorption costing and income statement for the year using variable costing.

  What is the project discounted payback period for talent inc

What is the project's Discounted Payback Period for Talent Inc.? Talent Inc. is considering a project that has the following cash flow and WACC data.

  Calculate the balance in finished goods at the end

The beginning balance of Finished Goods was $300, consisting of Job 300, Calculate the balance in Finished Goods at the end of the month

  How much cash would be made available with new collection

If this is accomplished, how much cash would be made available with the new collection period? Total annual credit sales are approximately $9.73 million.

  Determine which is not an example of a profit center

Which is NOT an example of a profit center? An individual product line at an original equipment manufacturing company, A wholesale company

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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