Hello question is attached, thanks. Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys plastic from twovendors: Tappan Corporation and Hill Enterprises. Kinnear chooses the vendor based on price. Once the plastic isreceived, it is inspected to ensure that it is suitable for production. Plastic that is deemed unsuitable is disposed of.The controller at Kinnear collected the following information on purchases for the past year.HillTotal purchases (tons)Plastic discardedТаppan4,4001108,200410The purchasing manager has just received bids on an order for 150 tons of plastic from both Tappan and Hill. Tappanbid $1,482 and Hill bid $1,463 per ton. Required:1-a. Assume that the average quality, measured by the amounts discarded from the two companies, will continue as in the past. Whatis the effective cost per ton for both Tappan and Hill? (Do not round intermediate calculations.)ТаppanHillEffective cost per ton1-b. Which supplier would you recommend that the purchasing manager select?ТаppanO Hill

We have the following information: Total purchasesTappan: 4,400Hill: 8,200 Plastic DiscardedTappan:…

Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys plastic from two vendors: Tappan Corporation and Hill Enterprises. Kinnear chooses the vendor based on price. Once the plastic is received, it is inspected to ensure that it is suitable for production. Plastic that is deemed unsuitable is disposed of. The controller at Kinnear collected the following information on purchases for the past year. Total purchases (tons) Plastic discarded Таppan 4,400 110 Hill 8,200 410 The purchasing manager has just received bids on an order for 150 tons of plastic from both Tappan and Hill. Tappan bid $1,482 and Hill bid $1,463 per ton.

Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys plastic from two vendors: Tappan Corporation and Hill Enterprises. Kinnear chooses the vendor based on price. Once the plastic is received, it is inspected to ensure that it is suitable for production. Plastic that is deemed unsuitable is disposed of. The controller at Kinnear collected the following information on purchases for the past year. Total purchases (tons) Plastic discarded Таppan 4,400 110 Hill 8,200 410 The purchasing manager has just received bids on an order for 150 tons of plastic from both Tappan and Hill. Tappan bid $1,482 and Hill bid $1,463 per ton.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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