Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Suman can purchase brass cups for Rs 32 per unit pr produce it in house where the associated fixed and variable costs are Rs 62000 and Rs 22 respectively and if the demand for this component is 600 units per annum, ascerta Whether it is economical to make the product in house rather than sourcing it ?

Suman can purchase brass cups for Rs 32 per unit pr produce it in house where the associated fixed and variable costs are Rs 62000 and Rs 22 respectively and if the demand for this component is 600 units per annum, ascerta Whether it is economical to make the product in house rather than sourcing it ?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

Suman can purchase brass cups for Rs 32 per unit pr produce it in house where the associated fixed and variable costs are Rs 62000 and Rs 22 respectively and if the demand for this component is 600 units per annum, ascerta Whether it is economical to make the product in house rather than sourcing it ?

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS