Are my formulas correct and did I get the correct answer? Question: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 220,000 pounds of grade 6 oranges and 150,000 pounds of grade 9 oranges on hand. The aver- age quality of oranges sold in bags must be at least 7, and the average quality of the oranges used to produce orange juice must be at least 8. Each pound of oranges that is used for juice yields a revenue of $2.25 and in- curs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.35. Each pound of oranges sold in bags yields a revenue of $2.00 and incurs a variable cost of $1.20. a. Determine how Sunblessed can maximize its profit.
Are my formulas correct and did I get the correct answer?
Question: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 220,000 pounds of grade 6 oranges and 150,000 pounds of grade 9 oranges on hand. The aver- age quality of oranges sold in bags must be at least 7, and the average quality of the oranges used to produce orange juice must be at least 8. Each pound of oranges that is used for juice yields a revenue of $2.25 and in- curs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.35. Each pound of oranges sold in bags yields a revenue of $2.00 and incurs a variable cost of $1.20.
a. Determine how Sunblessed can maximize its profit.
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1 Selling oranges and orange juice
Range Names
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Revenues, variable costs
Mix
=Model I$F$10:$F$11
-Model!$B$10:$C$11
=Modell$B$27
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Profit
Revenue
=Model 1$B$20:$C$20
=Model!$B$22:$C$22
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Quality
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Used
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=Model!$D$10:$D$11
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Grades used to make juice and bags
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Sold
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14 Required average quality
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Juice
$2.25
$1.35
Juice
26666.666
53333.332
80000
Juice
8
Juice
640000
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640000
$456,000
$760,000
$304,000
Bags
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$1.20
Bags Used
193333.328 220000
96666.664 150000
289999.992
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7
Bags
2029999.944
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2029999.944
P4-46 Sensitivity Analysis
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150000
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P4-48 Sensitivity Analysis
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H28
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1 Selling oranges and orange juice
2
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Revenues, Variable costs
Juice
Bags
Revenue
2.25
6
Variable cost
1.35
7
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Grades used to make juice and bags
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Grade
Bags
10 6
26666.666
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Sold
=SUM(B10:B11)
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14 Required average quality
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Juice
Bags
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18 Quality constraints
Juice
Bags
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20 Actual
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25 Total revenue
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27 Profit
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=SUM(B10:C10)
=SUM(B11:C11)
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=Model I$F$10:$F$11
=Model!$B$10:$C$11
=Model!$B$27
-Model 1$B$20:$C$20
-Model 1$B$22:$C$22
-Modell$D$10:$D$11
100%
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