Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

Problem: Hilltop Coffee manufactures a coffee product through blending three types of coffee beans. The cost per pound and accessible pounds are as follows: Bean 1: .50/pound 500 lbs accessible Bean 2: .70/pound 600 available lbs. Bean 3: .45/pound and 400 pounds accessible. Consumer tests with coffee products were used to offer quality ratings on a 0 to 100 scale, with higher ratings indicating higher quality. Product-quality standards for the blended coffee need a consumer rating for taste to be at least 75 and a consumer rating to be at least 80. The aroma and taste ratings for coffee made from 100% of each bean are given in the subsequent:

Bean 1:   Aroma rating: 75        Taste rating: 86

Bean 2:   Aroma rating: 85        Taste rating: 88

Bean 3:  Aroma rating 60          Taste rating: 75

It is supposed that the aroma and taste attributes of coffee blend will be a weighted average of the attributes of the beans employed in the blend.

a. What is the minimum cost blend of the three beans that will meet the quality standards and provide 1000 pounds of the blended coffee product?

b. What is the bean per pound of the coffee blend?

c. Find out the aroma and taste ratings for the coffee blend.

d. If additional coffee were to be produced, what would be the expected cost per pound?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93536

Have any Question? 


Related Questions in Financial Accounting

1 describe the formal procedures associated with issuing

1. Describe the formal procedures associated with issuing long-term debt. 2. Describe the nature, type, and valuation of current liabilities. 3. Explain the accounting for different types of loss contingencies. 4. Explai ...

Defend the answerlisa conducts a qualitative study of

DEFEND THE ANSWER Lisa conducts a qualitative study of people's online shopping behavior. She compares her results to that of similar studies and finds a similarity in coding across multiple studies. On the basis of the ...

Assessmentbullnote some of the assessments in this course

Assessment • Note: Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented. For this assessment, complete Problems 1 and 2. Y ...

The president of state university wants to forecast student

The president of State University wants to forecast student enrollment for this academic year based on the following historical data: year Enrollments 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago ...

Assignment non-for-profit financial reporting reviewselect

Assignment: Non-for-Profit Financial Reporting Review Select one not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statemen ...

Forecasting and preparing financial statementstina one of

Forecasting and Preparing Financial Statements Tina, one of your friends, approached you and proposed a partnership in a new venture that she is planning to start-a fashion boutique that will sell women's clothing and ac ...

One of the auditorrsquos roles is to verify inventory

One of the auditor’s roles is to verify inventory values. The auditor would have to verify both the quantity on hand and the unit cost to determine the inventory value. How would the auditor verify the quantity?

On january 1 2004 digital inc leased heavy machinery from

On January 1, 2004, Digital, Inc. leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $20,000 for twenty years beginning on December 31, 2004. The interest rate on the lea ...

Assignmentan economist was interested in modeling the

Assignment An economist was interested in modeling the relationship among annual income, level of education, and work experience. The level of education is the number of years of education beyond eighth grade, so 1 repre ...

1 morris minor corporation manufactures two products each

1. Morris Minor Corporation manufactures two products each of which require machine processing and labor operations. There is extensive demand for both products, but Morris Minor could devote all of its capacity to manuf ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro