How much of each type of ice-cream should the company

Assignment Help Financial Accounting
Reference no: EM132506760

A company manufactures two kinds of ice-cream. The vanilla ice-cream sells for $2.50 each while the chocolate flavour ice-cream sells for $4.50 cents each. It costs the company 1 labour hour to make the vanilla flavour ice-cream and 2 labour hours to make the chocolate flavour ice-cream. The company has a total of 300 labour hours available. It costs the company 3 machine hours for the vanilla ice-cream and 2 machine hours for the chocolate ice-cream. The company has a total of 480 machine hours available.

Question a) How much of each type of ice-cream should the company produce to maximise revenue?

Question b) What is the maximum revenue?

Reference no: EM132506760

Questions Cloud

Prepare entries to record in accounts receivable : Prepare one journal entry to summarize all accounts written off against the allowance for doubtful accounts in 2017. Prepare entries to record the $24,000
Calculate the project-specific benchmarks for each project : Calculate the project-specific benchmarks for each project. An all-equity firm is considering the projects shown below. The T-bill rate is 4 percent
Describe the use of fossil fuels : Our planet is experiencing an increase in Desertification. This is happening because of our planet's growing population and use of fossil fuels.
Demand for currency-demand for checkable deposits : Assuming that Md=$Y(.85 - 3i) and income is $70Billion, the people hold 35% in currency, the reserve ratio is 12% and the monetary base = 15Million.
How much of each type of ice-cream should the company : How much of each type of ice-cream should the company produce to maximise revenue? A company manufactures two kinds of ice-cream.
Explain how the aggregate demand and aggregate supply : Explain how the aggregate demand and aggregate supply impact the Phillips curve.
Briefly explain different functions of taxation : Question - With reference to relevant legislation, case law and secondary sources, briefly explain different functions of taxation
Problem-monetary approach : Suppose Argentina has a growth rate in output (Y) that is higher than the U.S. Use the monetary approach equation to explain whether this creates a problem
Find the amount in the investment fund is : The investment will earn 6% for 5 years, with no funds withdrawn. In 5 years, the amount in the investment fund is ((Rounded your answer to nearest €))

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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