COSTING ASSIGNMENT IN CLASS EXAMPLE We are the owners of a sport store in Toronto. We have recently decided to start importing driver golf clubs from London, England. For our initial order we want to import 95 clubs (1 club per box) to our store in Toronto. The price from the supplier in England is 5.50 per club. Be sure to account for the following: Exchange Rates (from the Exchange Rates Worksheet) 1= $1.6229 Transportation Costs Refer to page 221 in the textbook Choose the shipping method with the lowest costs Assume you need to order at least 80 boxes to share a container Tariffs and Duties England (Great Britain) is 7.5% Hidden Costs (assume 15% of total cost) QUESTIONS 1) What would be our total landed cost for the entire order (in CAD)? 2) What is our total landed cost per club? 3) Assuming a mark-up of 100%, what would be the price we would sell each club for? 4) Sport Chek store in Toronto sells the same driver golf club for $24.99 each. How does our driver golf club compete? Why?