56 ints MaxiDrive manufactures a wide variety of parts for recreational boating, including a gear and driveshaft part for high-powered outboard boat engines. Original equipment manufacturers such as Mercury and Honda purchase the components for use in large, powerful outboards. The part sells for $698, and sales volume averages 34,500 units per year. Recently, MaxiDrive's major competitor reduced the price of its equivalent unit to $668. The market is very competitive, and MaxiDrive realizes it must meet the new price or lose significant market share. Management has begun paying closer attention to costs and has reconfirmed the current existing standard costs. The controller then assembled the following cost and usage data for the most recent year for MaxiDrive's production of 34,500 units Direct materials Direct labor Indirect labor Inspection (hours and cost) Materials handling (number of purchases and cost) Machine setups (number and cost) Returns and rework (number of times and cost) Required: Budgeted Quantity Budgeted Cost $ 7,450,000 Actual Quantity Actual Cost $ 7,950,000 2,675,000 3,100,000 2,880,000 1,300 490,000 1,950 6,350 3,150 975,000 4,400 1,225,000 2,450 490 175,000 3 35,870,000 600 2,635,000 445,000 960,000 1,200,000 225,000 5 16,515,000 1. Calculate the target cost for maintaining current market share and profitability. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Target 44000 2 166 points Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth which has developed a number of measures of manufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 40% When last calculated, Waymouth's MCE was 33% Key measures from the recent month's production, averaged over all the jobs during that period, are as follows: Average Time (hours) eBook Print References Activity New product development Materials handling Order setup Machine maintenance Order scheduling Inspection of completed order Pack and move to storage or ship Manufacturing assembly t Order taking and checking Receiving and stocking raw materials Inspection of raw materials at start of production Required: 26.0 1.0 5.0 2.0 3.0 4.0 1.0 20.0 2.0 1.0 Determine the manufacturing cycle efficiency (MCE) for the recent month. (Round your answer to 1 decimal place (l.e. 123-12.3%).) Manufacturing mycle efficiency (MCE) 168 points Matt Simpson owns and operates Quality Craft Rentals, which offers canoe rentals and shuttle Customers can rent canoes at one station, enter the river there, and exit at one of two designated locations to catch a shuttle that returns them to their vehicles at the station they entered. Following are the costs Involved in providing this service each year. Book Print References Variable Fixed Costs Costs Canoe maintenance $3,000 $9.50 Licenses and permits 3,700 6,100 7,620 6,700 21,700 7.50 7.50 Vehicle leases Station lease Advertising Operating costs Quality Craft Rentals began business with a $28,000 expenditure for a fleet of 30 canoes. These are expected to last 10 more years, at which time a new fleet must be purchased. Rentals have been stable at about 7,000 per year. Required: Matt is happy with the steady rental average of 7,000 per year. For this number of rentals, what price should he charge per rental for the business to make an annual 16% before-tax return on assets using life-cycle costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Pnce per rental