Question

5. A coffee shop blends 10 kg of local coffee that cost $16 per kg with...

5. A coffee shop blends 10 kg of local coffee that cost $16 per kg with 5 kg Blue Mountain coffee that cost $34 per kg and 15 kg of another brand that cost $6.00 per kg. What would be the minimum price per kg of the blend? [4 marks]

Need the solution with step to step.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Total cost of local coffee blended = 10*16 = $160

Total cost of blue mountain coffee = 5*34 = $170

Total cost of coffee of another brand = 16*6 = $90

So, total cost of all blended coffee = 160+170+90

= $420.

Total weight of all the coffees = 10+5+16 = 31 kgs.

So, when all are blended together the total cost would be $420 and the total weight will be 31 kgs.

So, the minimum price per kg of the blend should be = 420/31 = $13.548 per kg.

IF YOU FIND THIS ANSWER HELPFUL, PLEASE UP VOTE.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Your local coffee shop charges $0.50 per ounce of coffee, and you devote at most...
1. Your local coffee shop charges $0.50 per ounce of coffee, and you devote at most $15 per week for coffee. (a) (10 points) Graph your budget constraint. (b) (5 points) What is the opportunity cost of coffee? (c) (5 points) Your coffee shop has a limited edition coffee. To keep people from buying too much, the price increases to $2.00 per ounce after the first 16 ounces. Graph the new budget constraint.
1. Your local coffee shop charges $0.50 per ounce of coffee, and you devote at most...
1. Your local coffee shop charges $0.50 per ounce of coffee, and you devote at most $15 per week for coffee. (a) (10 points) Graph your budget constraint. (b) (5 points) What is the opportunity cost of coffee? (c) (5 points) Your coffee shop has some left over holiday coffee that it wants to get rid of. It decides to charge $0.10 per ounce for coffee beyond 5 ounces. Graph your new budget constraint. - What if, instead, the utility...
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at...
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at her shop. She selects a random sample of 60 customers during a certain week. Customer Y 1 0 Note: Y is an indicator variable, i.e., if Y=1, then customer said they "definitely would" recommend specialty shop to family and friends, and Y=0 otherwise. 2 1 3 0 4 0 5 0 6 0 7 0 8 1 9 1 10 1 11 0 12...
The Zurich Chocolate Company uses standard cost in the manufacture of its line of fine chocolates....
The Zurich Chocolate Company uses standard cost in the manufacture of its line of fine chocolates. Operating data for the past week is summarize as follows:             Standard Cost Card – per box:                         Direct materials, .5 kg at $16 per kg.             $ 8.00                         Direct labor, 1.5 hours at $15/hour                22.50                         Variable overhead, 1.5 hours at $10/hour      15.00                         Standard cost per unit                                     $45.50 The company produced 4,000 boxes of chocolates. Direct materials purchased were 2,150 kg....
Jane operates a muffin shop in a market where she takes the price of $2 per...
Jane operates a muffin shop in a market where she takes the price of $2 per muffin as given. Her total cost of production is given by TC(q) = 15 + 0.01q2 and her marginal cost of production is given by MC(q) = 0.02q. At her profit maximizing output level of q* = ______, Jane earns ______ profit. Question 7 options: a) 50 muffins; $5 b) 100 muffins; $85 c) 100 muffins; $100 d) 2,000 muffins; $1,580 e) 0 muffins;...
The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5....
The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 per copy. She would like to increase readership and hold total profit constant. If the price goes to $15, how many copies must she sell? a. 10,000 b. 9,000 c. 7,500 d. 6,000 ____ 58. When a firm's fixed cost rises, its total profit curve shifts a. up at every output level. b. down at every...
In CVP analysis, the unit contribution margin is: Sales price per unit less cost of goods...
In CVP analysis, the unit contribution margin is: Sales price per unit less cost of goods sold per unit Sales price per unit less FC per unit Sales price per unit less total VC per unit Same as the CM Maroon Company’s CM ratio of 24%.  Total FC are $84,000.  What is Maroon’s B/E point in sales dollars? $20,160 $110,536 $240,000 $350,000       If a firm’s forecasted sales are $250,000 and its B/E sales are $190,000, the margin of safety in dollars is:...
LeBron Factory Number of Workers Number of Machines Output (chairs produced per hour) Marginal Product of...
LeBron Factory Number of Workers Number of Machines Output (chairs produced per hour) Marginal Product of Labor Cost of Workers Cost of Machines Total Cost ?1 ?2 ?5 ?2 ?2 ?10 ?3 ?2 ?20 ?4 ?2 ?35 ?5 ?2 ?55 ?6 ?2 ?70 ?7 ?2 ?80 Refer to Table above. First, complete the missing information in the Table above.   1.Each worker at the LeBron Chair Factory costs $12 per hour. The cost of each machine is $20 per day regardless...
1. Based upon the following data, estimate the cost of ending inventory using the gross profit...
1. Based upon the following data, estimate the cost of ending inventory using the gross profit method. Sales $882,000 Estimated gross profit rate 32% Beginning inventory $75,700 Purchases (net) 794,000 Merchandise available for sale $869,700 2. Multiple-Step Income Statement On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $170,000 Inventory $1,019,950 Accumulated Depreciation—Building 762,600 Notes Payable 273,300 Administrative Expenses 559,700 Office Supplies 19,950 Building...
please show all working out for the following questions WHC will need to purchase additional necessary...
please show all working out for the following questions WHC will need to purchase additional necessary equipment, which will cost $77 million. To get the equipment in running order, there would be a $2 million shipping fee and a $3 million installation charge. The equipment will be depreciated to zero on a straight-line basis over its economic life of 15 years. The contract runs for only eight years. At that time the coal from the site will be entirely mined....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT