Gwalior Sports Goods Manufacturers has been a market leader in making and selling sports goods items in GCC countries. The company has been so successful in the market due to its various key success factors. This company adds value through design of products and processes, production, marketing, distribution and customer service. Gwalior Sports keeps improving its processes implementing certain innovative processes that eliminate certain non-value adding processes and adding processes that add value to the products being manufactured. It also keeps close contact with its customers to understand them better in terms of their expectations towards sports goods and makes design of their products accordingly (a) Need for Systematic Decision-Making Process The CEO of this company wants to have structural changes in decision making process being followed. He feels that the process they follow for making decisions is quite long and time consuming and as a result certain opportunity are missed out. The following model impresses the CEO and wants to implement the following process. se leet Define Problem Implement Analyze Ide (b) Products of Gwalior Sports Goods Manufacturers Gwalior Sports Goods manufactures two different types of tennis tables (A & B). given below: (i) Cost details of Product A and B Cost and other details of these two products are Product B Product A Information Direct Costs Materials Cost per unit of materials Units Cost per unit of material Units S 10 per unit of material 40 $ 8 per unit of material 20 units 40 units MaterialX Material Y $ 8 per unit of material $ 20 per hour S 50 per unit of B $ 10 per unit of material S 30 per hour S40 per unit of A Labour 10 hours 6 hours Labour Indirect Costs Overheads (allocated) (ii) Inventory Details of Gwalior Sports Goods Gwalior has furnished inventory and other cost details as given below for the year 2018. 3I" Dec 2018 65,000 150,000 120,000 60,000 90,000 1 Jan 2018 75,000 Information Work in progress Inventory Cost of Materials used Direct Labour Manufacturing overheads 60,000 Finished Goods Inventory (e) Breakeven Analysis for one of its (Product C) Gwalior Sports Goods Manufacturers Gwalior incurs fixed costs of s 270,000 per annum for Product C. It manufactures and sells Product C for s 1, 200 per unit. The variable cost to Sales Ratio is 70%. (d) Gwalior's Proposal to reduce selling price of Product D Gwalior proposes to reduce selling price of one of is products(Product D) to S110 (existing price is S 120 per unit). The variable cost been estimated as S 50 per unit and fixed costs as S 100.000 per annum. The management accountant says that if this proposal is implemented then the sales units of product D will increase from 4,000 units to 5.000 units as there exists a demand for product D. The management accountant also suggests that there will be an no increase in fixed costs and variable cost per unit would remain the same. Required (3) Based on the inventory details given in (b) (i) above, Compute cost of goods manufactured from the following information (10 marks)