Each morning, Joel McKnight stocks the drink case at Joel's Beach Hut in Myrtle Beach, South Carolina. The drink case has 125 linear feet of refrigerated drink space. Each linear foot can hold either seven 12-ounce cans or three 20-ounce bottles. (Click the icon to view the information on the cold drinks.) Joel's Beach Hut can sell all the drinks stocked in the display case each morning. Read the requirements. Requirement 1. What is Joel's Beach Hut's constraining factor? What should Joel stock to maximize profits? The constraining factor is Data table Joel's Beach Hut sells three types of cold drinks: 1. Yummy Time in 12-oz. cans for $1.45 per can 2. Yummy Time in 20-oz. bottles for $1.85 per bottle 3. Right-Cola in 20-oz. bottles for $2.30 per bottle Joel's Beach Hut pays its suppliers: 1. $0.10 per 12-oz. can of Yummy Time 2. $0.40 per 20-oz. bottle of Yummy Time 3. $0.55 per 20-oz. bottle of Right - Cola Joel's Beach Hut's monthly fixed costs include: Hut rental $ Refrigerator rental Joel's salary Total fixed costs 390 75 1,800 $ 2,265 X
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- Each morning, Mike Root stocks the drink case at Mike's Beach Hut in Myrtle Beach, South Carolina. The drink case has 90 linear feet of refrigerated drink space. Each linear foot can hold either seven 12-ounce cans or three 20-ounce bottles. View the information on the cold drinks. MikeBeach Hut can sell all the drinks stocked in the display case each morning. Read the requirements. - X Requirement 1. What is Mike's Beach Hut's constraining factor? What should Mike's Beach Hut stock to maximize profits? The constraining factor is linear feet of shelf space What should Mike's Beach Hut stock to maximize profits? Complete the product mix analysis to determine which product would maximize Mike's Beach Hut's profits. Yummy Time 12 oz. Cans Yummy Time 20 oz. Bottles Pretty Pop 20 oz. Bottles Sales price per unit Variable cost per unit Contribution margin per unit Units per linear foot of shelf space Contribution margin per linear foot of shelf space Cold Drinks Information Mike's Beach Hut…Each morning, Ned Imery stocks the drink case at Ned's Beach Hut in Mt. Tremblant. Ned's Beach Hut has 33 linear metres of refrigerated display space for cold drinks. Each linear metre can hold either 20 341-mL cans or 14 551-mL plastic or glass bottles. (Click the icon to view the information on the cold drinks.) Each day, Ned's Beach Hut can sell all the drinks in the display case. Requirements Requirement 1. What i Ned's Beach Hut's constraining factor? What should Ned stock to maximize profits? What is the maximum contribution margin he could generate from refrigerated drinks each day? The constraining factor is Ned's should stock the drink with the contribution margin. Requirements 1. What is Ned's Beach Hut's constraining factor? What should Ned stock to maximize profits? What is the maximum contribution margin he could generate from refrigerated drinks each day? 2. To provide variety to customers, suppose Ned refuses to devote more than 20 linear metres and no fewer than 3…Each morning, Larry Imery stocks the drink case at Larry’s Beach Hut in Charlotte, North Carolina. Larry’s Beach Hut has 110 linear feet of refrigerated display space for cold drinks. Each linear foot can hold either five 12-ounce cans or three 20-ounce plastic or glass bottles. The beverage stands sells three types of cold drinks: 1. Cola in 12-oz. cans for $1.40 per can 2. Bottled water in 20-oz. plastic bottles for $1.75 per bottle 3. Orange juice in 20-oz. glass bottles for $2.10 per bottle Larry’s Beach Hut pays its suppliers the following: 1. $0.20 per 12-oz. can of cola 2. $0.45 per 20-oz. bottle of water 3. $0.75 per 20-oz. bottle of orange juice Larry’s Beach Hut’s monthly fixed expenses include the following in the chart below: The beverage stand can sell all drinks stocked in the display case each morning. Requirements 1. What is the constraining factor at Larry’s Beach Hut? What should Larry stock to maximize profits? What is the maximum contribution margin he could…
- The Beach Cooler is a take-out food store at a popular beach resort. Marisa Semmler, owner of the Beach Cooler, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: LOADING... (Click to view the data.) Semmler has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements LOADING... . Requirement 1. Calculate the contribution margin per case of each type of drink. Natural Cola Lemonade Punch Orange Juice Selling price per case $19.10 $21.25 $27.25 $39.20 Variable cost per case 13.75 17.10 21.30 30.10 Contribution margin per case Requirement 2. A coworker of Semmler's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per…The Wave Crave is a take-out food store at a popular beach resort. Cindy Smith, owner of the Wave Crave, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: E (Click to view the data.) Smith has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements - X Data table Requirement 1. Calculate the contribution margin per case of each type of drink. Natural Natural Cola Lemonade Punch Orange Juice Cola Lemonade Punch Orange Juice Selling price per case 19.25 $ 19.50 $ 27.30 $ 38.75 Selling price per case 19.25 S 19.50 $ 27.30 $ 38.75 14.00 15.60 20.70 29.90 Variable cost per case Variable cost per case %24 14.00 S 15.60 $ 20.70 $ 29.90 Contribution margin per case Cases sold per foot of shelf space per day 22 25 23 Requirements Print Done 1. Calculate the contribution margin per case of each…The Seashore Stand is a take-out food store at a popular beach resort. Cindy Smith, owner of the Seashore Stand, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: (Click to view the data.) Sexton has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Read the requirements. Requirement 1. Calculate the contribution margin per case of each type of drink. Cola $ Cola Lemonade Punch Natural Orange Juice Total Selling price per case Variable cost per case Contribution margin per case Requirement 2. A coworker of Sexton's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this recommendation? Explain briefly. Feet of Shelf Space Lemonade 19.25 $ 13.80 Cola 20.60 $ 16.90 Punch A. This recommendation makes sense. It will allow…
- Your company, OllieGenius, sells skateboards. On January 1st, you started the company and purchased a batch of skateboards for $100 per skateboard (per unit). On March 1st, your company purchased another batch of skateboards for $120 per skateboard (per unit). On June 1st, your company purchased a third batch of skateboards for $110 per skateboard (per unit). A teenage girl walks in to your store on June 2nd and buys one skateboard for $180. Determine what the gross profit on her one skateboard will be using the FIFO method. $60 $90 $70 O $80Bluth's Original Frozen Banana Stand is a brand of frozen banana stands that operate at a variety of events and locations across Southern California. Recently you spotted a Bluth's Original Frozen Banana Stand during a visit to Newport Beach. On this beach, street vendors offer a variety of foods and drinks. At the Bluth's Original Frozen Banana Stand, beach goers can purchase a chocolate covered frozen banana covered with nuts for $4.00. For the purpose of this hypothetical example, let's assume that the variable cost of each banana sold is $1.00. There are three options of obtaining a Bluth's Original Frozen Banana Stand. Option 1: Pay a fixed rental fee to the Bluth Company for $2,100 per month Option 2: Pay a fee of $1,040 per month plus 10% of all revenue from banana sales Option 3: Pay 25% of all revenue from the snow cone sales to Bluth Company Using the hypothetical Bluth's Original Frozen Banana Stand example, calculate the number of bananas that the operator of a Bluth's…Bill is planning to sell either coffee or lemonade at a corner stand during his upcoming Easter break. He must decide today whether to purchase $24 in coffee or $19 in lemonade. Projected sales revenue based on the weather are given in the table below. Сool $55 Warm Coffee Lemonade $6 Calculate the projected profit associated with a choice to sell lemonade on a warm day. $8 $39
- Andrea is ordering supplies for summer camp and notices the supplier has a special offer on four items on her list: caps, T-shirts, socks, and shoes. The supplier packaged these items for some special orders, and a number were returned that the supplier would like to move. There are three types of packages, I, II, III. I contains 5 caps, 10 pairs of socks, 2 T-shirts, and 4 pairs of shoes.II contains 5 caps, 6 pairs of socks, 3 T-shirts, and 3 pairs of shoes.III contains 4 caps, 5 pairs of socks, 6 T-shirts, and no shoes. Andrea estimates they will need up to 200 caps, up to 300 pairs of socks, up to 210 T-shirts, and up to 60 pairs of shoes.Based on the special price and their published camp fees, the camp can make a profit of $18 on each package I, $15 on each package II, and $6 on each package III. How many of each type of package should Andrea order to achieve maximum profit? A maximum profit of $ ? is possible if Andrea orders 15 of package I and ? of package III, or 20 of package…The Beach Cooler is a take-out food store at a popular beach resort. Susan Sexton, owner of the Beach Cooler, is deciding how much refrigerator space to devote to four different drinks. Pertinent data on these four drinks are as follows: Natural Cola Lemonade Punch Orange Juice Selling price per case $19.25 $20.75 $27.90 $39.50 Variable cost per case $14.40 $16.30 $21.70 $30.20 Cases sold per foot of shelf space per day 24 12 5 13 Sexton has a maximum front shelf space of 12 feet to devote to the four drinks. She wants a minimum of 1 foot and a maximum of 6 feet of front shelf space for each drink. Requirements 1. Calculate the contribution margin per case of each type of drink. 2. A coworker of Sexton's recommends that she maximize the shelf space devoted to those drinks with the highest contribution margin per case. Do you agree with this recommendation? Explain briefly. 3. What…Moe is deciding whether or not to introduce a new drink, the “Flaming Moe". The Flaming Moe is made up of several ingredients which cost $1.25 per drink. Moe expects to sell the drink for $4. He estimates sales for the Flaming Moe to be: Sunday to Thursday 60 per night Weekends (Fri. & Sat.) 150 per night. Moe suspects that one third of the people who buy a Flaming Moe would have bought a beer (which cost Moe $1.25 and sell for $2.50). Another third of the purchasers would have bought a mixed drink (which cost Moe $1.00 and sell for $4.00). What will happen to Moe's contribution if he introduces the drink? Should he introduce it?