What is the standard cost per unit for widgets
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Moisha is developing material standards for her company. The operations manager wants grade A widgets because they are the easiest to work with and are the quality the customers want. Grade B will not work because customers do not want the lower grade, and it takes more time to assemble the product than with grade A materials. Moisha calls several suppliers to get prices for the widget. All are within $0.05 of each other. Since they will use millions of widgets, she decides that the $0.05 difference is important. The supplier who has the lowest price is known for delivering late and low-quality materials. Moisha decides to use the supplier who is $0.02 more but delivers on time and at the right quality. This supplier charges $0.41 per widget. Each unit of product requires 5 widgets. What is the
Standard cost per unit $fill in the blank 1
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- Moisha is developing material standards for her company. The operations manager wants grade A widgets because they are the easiest to work with and are the quality the customers want. Grade B will not work because customers do not want the lower grade, and it takes more time to assemble the product than with grade A materials. Moisha calls several suppliers to get prices for the widget. All are within $0.05 of each other. Since they will use millions of widgets, she decides that the $0.05 difference is important. The supplier who has the lowest price is known for delivering late and low-quality materials. Moisha decides to use the supplier who is $0.02 more but delivers on time and at the right quality. This supplier charges $0.44 per widget. Each unit of product requires 6 widgets. What is the standard cost per unit for widgets? Round your answer to two decimal places. Standard cost per unit $Moisha is developing material standards for her company. The operations manager wants grade A widgets because they are the easiest to work with and are the quality the customers want. Grade B will not work because customers do not want the lower grade, and it takes more time to assemble the product than with grade A materials. Moisha calls several suppliers to get prices for the widget. All are within $0.05 of each other. Since they will use millions of widgets, she decides that the $0.05 difference is important. The supplier who has the lowest price is known for delivering late and low-quality materials. Moisha decides to use the supplier who is $0.02 more but delivers on time and at the right quality. This supplier charges $0.57 per widget. Each unit of product requires 4 widgets. What is the standard cost per unit for widgets? Round your answer to two decimal places.Bradley Nowell works as a purchaser at Louie Dog Industries. He is in charge of purchasing dog beds from manufacturers. Bradley's mother, seeing an opportunity, starts a dog bed manufacturing company and quickly receives almost all of Louie Dog's orders. In order to fill the orders, Bradley's mother buys low-quality beds from another dog bed supplier and sells those to Louie Dog for a substantial markup. In fact, the price charged to Louie Dog is twice what other manufactures would charge the company. What type of scheme is this? Pay-and-return Non-accomplice vendor Pass-through Inventory-markup
- Pamela is opening a pastry shop in which she will make and sell special birthday cupcakes. She is trying to decide how many mixers to purchase. Her estimated fixed and average variable costs, if she purchases one, two, or three mixers, are shown in the table. Assume that average variable costs do not vary with output. Suppose that Pamela is producing 100 cupcakes with one mixer, but she has a sudden increase in demand, so she begins to produce 200 cupcakes. Explain how her average total cost will change in the short run and in the long run. (Hint: Don't write more than 3 sentences) Table: Cupcakes at Dessert Delight Number of Fixed Costs Average mixers variable cost 1 $1,000 $10 1,500 2,500 2 3Novak manufactures pre-made scrapbook pages for scrapbookers who don't have time to create their own pages. The clients need only insert their pictures on the pages. It currently sells a child's scrapbook with pre-made pages for $52. Production costs are $22 variable and $10 fixed. The company is considering creating scrapbook kits instead to save labour costs. They are expecting to sell these kits for $44 each and save $9 in variable costs. Prepare an incremental analysis. (If an amount reduces the net income then enter with a negative sign preceding the number e.g. -45,000 or parenthesis, e.g. (45,000). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) $ Kits $ $ Pre-made pages Should the company begin to sell kits or continue to sell pre-made scrapbooks? $ $ Incremental (revenue) and costsDavid would like to order special holiday ornaments for his staff of 720 employees. He just found the perfect item clear glass globes with a unique design and material inside. The only issue is that the globes come from a small manufacturer with limited capacity. The manufacturer told David that it could only produce 360 of these ornaments for him without affecting its regular sales. Normally, these ornaments sell for $25.00 each and cost the company $20.00 to make (David does not know the company's cost structure). Included in the $20.00 cost per unit is $2.55 of fixed-MOH and $1.50 of variable-MOH. (a) Your Answer Correct Answer Your answer is correct. How much will operating income change for the small manufacturer if it produces 360 omaments for David and sells them at a special price of $20.00 per unit? (Round per unit calculations to 2 decimal places, eg 15.25 and final answer to 0 decimal places, e.g. 5,125.) Operating income increases (b) eTextbook and Media Solution by $ Your…
- A manufacturing firm is making auto parts. The machine operators do the packaging and fill the shipping boxes. Each box should contain 60 parts, but the operators fill the boxes by eye, so the average parts per box is 63. Each auto part costs $1. The company realizes that they are wasting parts by overfilling the boxes and decides to automate the packaging which reduces the average parts per box to 60. The equipment would cost $65,000 and SL depreciation with 7-year depreciable life and $10,000 salvage value would be used. Cost of maintaining the equipment is $8,000 annually. The firm manufactures 800K auto parts each year. The combined federal and state incremental tax rate is 30%. Assume a 7-year analysis period and MARR of 10%. 1. What is the after-tax present worth? 2. What is the after-tax payback period? (No-return payback period)The printing department is considering buying 10,000 additional rolls of gray cloth from an outside supplier at $2,000 per roll, which is much higher than Dover’s cost of weaving the roll. The printing department expects that 10% of the rolls obtained from the outside supplier will result in defective products. Should the printing department buy the gray cloth from the outside supplier? Show your calculations.Ellie now had two offers to think about. Her initial reaction was to turn down the special request for 25,000 brochures at $10 per 100. Especially as she did not believe Tyco would realize any repeat or future business from the customer. She also needed to understand her costs versus the cost offered by the small shop to increase Tyco's printing capacity by outsourcing. Should she tell the small shop about the special order request and let them work it out themselves? They might both get what they needed.
- What additional factors should Stardust consider before making the decision to hire the extra worker?im decides he would like start a part-time business building birdhouses. His fixed costs are minimal at $401.89 as he would build them out of his garage at home and already has all of the tools he would need. A quick look at competitor's prices leads him to believe that the average price a customer will pay for each birdhouse is $62.42. His unit variable cost for a birdhouse is $35.43 (for labour, wood and shingles). Calculate the break-even point. (Round up your answer to the next whole number.) Number of birdhouses: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.