Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Individual Assignment - Make-or-Buy Analysis Instructions This is an individual assignment. The charity Support the Children has decided to sell plush polar bear toys as
Individual Assignment - Make-or-Buy Analysis Instructions This is an individual assignment. The charity Support the Children has decided to sell plush polar bear toys as a charity fundraiser with at least $10 profit per polar bear with a selling price of $25. The chair of the Board of Directors for Support the Children has asked you and your volunteer team to decide whether you should make the polar bears or buy them. Assume that ALL the polar bears will be sold. Available information: Required 1xyz polar bear plush toys where "xyz" are the last three numbers of your Fanshawe student id number. Example: student id 1169046; require 1046 polar bears. Cost of material to make $6/unit Storage (all units) for both make and buy option $500 Volunteer coordination to make polar bears $1000 (no hourly volunteer labour cost) Volunteer recognition for making polar bears $200 Cost to buy (including shipping to your storage location) $9.50/unit Complete the provided Excel template showing detailed calculations for comparison of the "make" decision versus the "buy" decision. o Calculate expected total profit for each option and profit per unit for each option. o Calculate the Make-or-Buy break-even point - the
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started