Leisure Supplies produces sinks and ranges for travel trailers and recreational vehicles. The unit price on its

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Leisure Supplies produces sinks and ranges for travel trailers and recreational vehicles. The unit price on its double sink is $28 and the unit cost is$20. The fixed cost in producing the double sink is $16,000. Mean sales for the double sinks have been 35,000 units, and the standard deviation has been estimated to be 8,000 sinks. Determine the expected monetary value for these sinks. If the standard deviation were actually 16,000 units instead of 8,000 units, what effect would this have on the expected monetary value?

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Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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