(Solved): Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are ...

Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Ingredient A Crude Oil 1 Cost $0.15 40% Ingredient B 40% 10% $0.20 70% Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 500000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. gallons of crude 1 used to produce regular- gallons of crude 1 used to produce high-octane gallons of crude 2 used to produce regular- gallons of crude 2 used to produce high-octane= Cost- $ Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows: Supplier Component 1 $10 $14 $13 2 $12 $12 $12 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity: Supplier capacities are as follows: Supplier Capacity 550 1025 800 If the Edwards production plan for the next period includes 1050 units of component 1 and 800 units of component 2, what purchases do you recommend? That is, how many units of each component should be ordered from each supplier? Round your answers to the nearest whole number. Supplier 2 3 Component 1 Component 2 What is the total purchase cost for the components? Round your answer to the nearest dollar.