Formulate a linear programming model for this problem

Assignment Help Managerial Accounting
Reference no: EM132920366

Question - The South fork Feed Company makes a feed mix from four ingredients oats, corn, soybeans, and a vitamin supplement. The company has 300 pounds of oats, 400 pounds of corn, 200 pounds of soybeans, and 100 pounds of vitamin supplement available for the mix. The company has the following requirements for the mix:

At least 30% of the mix must be soybeans.

At least 20% of the mix must be the vitamin supplement.

The ratio of corn to oats cannot exceed 2 to 1.

The amount of oats cannot exceed the amount of soybeans.

The mix must be at least 500 pounds.

A pound of oats costs $0.50; a pound of corn, $1.20; a pound of soybeans, $0.60; and a pound of vitamin supplement, $2.00. The feed company wants to know the number of pounds of each ingredient to put in the mix in order to minimize cost.

Formulate a linear programming model for this problem.

Reference no: EM132920366

Questions Cloud

Record any necessary journal entries : In 2020, the actual warranty costs to Brooks were £21,400 for parts and £39,900 for labor. Record any necessary journal entries in 2020
Organization in the strategic management process : Strategic management is concerned with the way in which a business distinguishes itself in a valuable way from its competitors and delivers value to specific cu
Find floating rate note outstanding : -Lovely Linens Inc has a fixed coupon bond and a floating rate note outstanding. It has just announced that due to unforeseen events, its coverage ratio has dec
Discussion of economic and environmental outcomes : -It was long thought that democracy, capitalism, and individualism went hand in hand with economic development. China however has proven that this is not necess
Formulate a linear programming model for this problem : At least 20% of the mix must be the vitamin supplement. Formulate a linear programming model for this problem
Discuss the criticism of globalization : Globalization of both markets and production has been a dominant force in the global business environment for over thirty years. It has undoubtedly led to a sig
Explain the key attributes of effective communication : "Effective communication is the key to success in any organization development activity"
Why capital projects are important to the firm : Why capital projects are important to the firm? Current asset balances stay constant over the life of the project or do they change
What is generic competitive strategy model : What is Generic Competitive Strategy Model and does the organization use this concept in the product line and business cycle. Analyze this on an organization yo

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