rrent Attempt in Progress Monty Company makes swimsuits and sells these suits-directly to retailers. Although Monty has a its, it does not make the Performance suit used by highly skilled swimmers. The market researc epartment believes that a strong market exists for this type of suit. The department indicates the Performance suit would sell for approximately $100. Given its experience, Monty believes the Pa it would have the following manufacturing costs Direct materials Direct labor Manufacturing overhead Total costs 329 29 42 $100

rrent Attempt in Progress Monty Company makes swimsuits and sells these suits-directly to retailers. Although Monty has a its, it does not make the Performance suit used by highly skilled swimmers. The market researc epartment believes that a strong market exists for this type of suit. The department indicates the Performance suit would sell for approximately $100. Given its experience, Monty believes the Pa it would have the following manufacturing costs Direct materials Direct labor Manufacturing overhead Total costs 329 29 42 $100

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter11: Linear Optimization Models

Section: Chapter Questions

Problem 1P: Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catchers...

See similar textbooks

Similar questions

Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All- Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $100. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs (a1) Selling price $ eTextbook and Media $29 Save for Later 29 Assume that Leno uses cost-plus pricing, setting the selling price 26% above its costs. What would be the price charged for the All- Body swimsuit? 42 $100 Assistance Used Attempts: 0 of 3 used Submit Answer
Sarasota Company makes swimsuits and sells these suits directly to retailers. Although Sarasota has a variety of suits, it does not make the Performance suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the Performance suit would sell for approximately $100. Given its experience, Sarasota believes the Performance suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs (a1) $29 Selling price 35 36 $100 Assume that Sarasota uses cost-plus pricing, setting the selling price 25% above its costs. What would be the price charged for the Performance swimsuit?
Sarasota Company makes swimsuits and sells these suits directly to retailers. Although Sarasota has a variety suits, it does not make the Performance suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the Performance suit would sell for approximately $100. Given its experience, Sarasota believes the Performance suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs (a1) (b) Your answer is correct. Selling price $ Assume that Sarasota uses cost-plus pricing, setting the selling price 25% above its costs. What would be the price charged for the Performance swimsuit? eTextbook and Media $29 35 36 Selling price $ $100 125 Attempts: 1 of 5 used Assume that Sarasota uses target costing. What is the price that Sarasota would charge the retailer for the Performance swimsuit?
Blossom makes swimsuits and sells them directly to retailers. Although Blossom has a variety of suits, it does not make the all-body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. It says the all- body suit would sell for approximately $118. Given its experience, Blossom believes the all- body suit would have the following manufacturing costs: Direct materials Direct labour Manufacturing overhead Total costs (a1) $26 30 48 $104 Assume that Blossom uses cost-plus pricing, and sets the price 25% above the product's costs. (Round answer to 2 decimal places, e.g. 15.25.) What would be the price charged for the all-body swimsuit?
Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All- Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $100. Glven its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials $29 Directlabor 27 Manufacturing overhead 44 Total costs $100
Pina Colada Company makes swimsuits and sells these suits directly to retailers. Although Pina Colada has a variety of suits, it does not make the Performance suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the Performance suit would sell for approximately $100. Given its experience, Pina Colada believes the Performance suit would have the following manufacturing costs. Direct materials Direct labor $24 33 Manufacturing overhead 43 Total costs $100 x Your answer is incorrect. Assume that Pina Colada uses cost-plus pricing, setting the selling price 23% above its costs. What would be the price charged for the Performance swimsuit? Selling price $ 125
Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive pressures influence the determination of their selling price. Their marketing department has done a comprehensive analysis and It looks like a price of $57 would be appropriate given the present business environment. The company has a goal of earning $28 on each unit. What is the target unit cost of each hair dryer? Enter your answers without dollar signs or commas.
Sid's Skins makes a variety of covers for electronic organizers and portable music players. The company's designers have discovered a market for a new clear plastic covering with college logos for a popular music player. Market research indicates that a cover like this would sell well in the market priced at $22.50. Sid's desires an operating profit of 25 percent of costs. Required: What is the highest acceptable manufacturing cost for which Sid's would be willing to produce the cover? (Round your answer to 2 decimal places.)
Sid's Skins makes a variety of covers for electronic organizers and portable music players. The company's designers have discovered a market for a new clear plastic covering with college logos for a popular music player. Market research indicates that a cover like this would sell well in the market priced at $17.00. Sid's desires an operating profit of 25 percent of costs. Required: What is the highest acceptable manufacturing cost for which Sid's would be willing to produce the cover?
King Bathroom Fixtures (KBF) makes faucets, basins, and so on primarily for home use and sold through major retail chains. The design team at KBF has been working on a unique design to provide reasonable pressure while still conserving water. The market is quite competitive and KBF analysts believe that the fixture could sell for a unit price of $36.40. The cost accounting team at KBF has estimated the following manufacturing costs for the new design. Direct materials $ 19.75 Direct labor 5.90 Manufacturing overhead 8.85 Total $ 34.50 An operating profit of 12 percent of manufacturing costs is required for all new products at KBF without the explicit consent of the top executive team. At KBF, operating margin is defined as revenues less manufacturing costs, all divided by manufacturing costs). Required: a. Suppose KBF uses cost-plus pricing, setting the price equal to manufacturing costs plus 12 percent of manufacturing costs. What price should it charge for the…
Kelson Sporting Equipment, Inc., makes two types of baseball gloves: a regular model and a catchers model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table: Assuming that the company is interested in maximizing the total profit contribution, answer the following: a. What is the linear programming model for this problem? b. Develop a spreadsheet model and find the optimal solution using Excel Solver. How many of each model should Kelson manufacture? c. What is the total profit contribution Kelson can earn with the optimal production quantities? d. How many hours of production time will be scheduled in each department? e. What is the slack time in each department?
Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive pressures influence the determination of their selling price. Their marketing department has done a comprehensive analysis and It looks like a price of $61 would be appropriate given the present business environment. The company has a goal of earning $30 on each unit. What is the target unit cost of each hair dryer? Enter your answers without dollar signs or commas. ASUS 13 f4 E3 X 19 OLF 11 (12 3. & 4. 5 7. 8. E T. Y. F G H K t6 立