ANSWER IS NOT 0.44 PER lb.

lowest purchase prices. The lowest bidder recelves the order for the next quarter (90 working days). To make its bulb products, 5oft Glow requires 63,000 pounds of glass per quarter. 5oft Glow recelved two glas5 bids for the third quarter, a5 follows: - Mid-States Glass Company: $22.00 per pound of glass. Dellvery schedule: 63,000 (700 lbs. x90 days) pounds at the beginning of July to last for 3 months. - Ceveland Giass Company: $22.15 per pound of glass. Delivery schedule: 700 pounds per working day (90 days in the quarter). Soft Glow accepted Mid-States Glass Company's bid because it was the low-cost bid. 1. All of the following are ways in which Soft Glow could develop long-tem partnerships with its suppliers except: a. share research and development efforts. b. Ignore Internal costs caused by dellvery delays while contracting on the best price polnt basis. c. share production schedules. d. establish electronic data interchange. e. establish supplier raw materials logistical support. 2. All of the following statements are true regarding the hidden costs beyond the price of Mid-States Glass Company's bid except: a. They are easy to determine, yet often overlooked. b. They ignore additional intemal eosts of the higher inventory imposed by Mid-States Glasses" delivery schedule. c. The hidden costs are incurred by other parts of the arganization, not purchasing. d. The hidden costs Include costs for additional space and handling. e. The hidden costs include costs of obsolescence and financing. X per lb