Question
note) kindly solve the questions with details and kindly dont copy from other chegg answers as i want to compare, kindly solve them in details
note) kindly solve the questions with details and kindly dont copy from other chegg answers as i want to compare, kindly solve them in details
question 1) A manufacturer is designing a new product, and would like to estimate the cost for this product. The production capacity is 500 units per day. The operating cost is $1000 per day. A worker can product 40 units of product per day, and the unit cost of direct labor is $160 per worker per day. Indirect labor cost is 30% of direct labor cost. One unit of product needs 0.5 pounds of raw material, and the material price is $15 per pound.
(1) Please write down all the cost components to be considered in estimating the manufacturing cost of this new product.
(2) Please calculate the manufacturing cost per unit of product. (note: the number of workers needed for each day does not have to be an integer in your calculation.)
(3) What is the target cost if the manufacturers expected profit margin is 10% and its competitors price is $15.5.
Question 2 ) Sandira Industries is a producer of devices used in the jet industry. Normal production level is 60 pics per month, but due to improved economic conditions in China, production is at 72 per month. The following information is available.
Fixed costs = $2.4 million per month
Variable cost per unit =$35,000
Revenue per unit = $75,000
(a) Determine the breakeven number of units
(b) What is the current profit level per month for the facility? (at Q=72 units per month)
(c) What is the difference between the revenue and variable cost per piece that is necessary to break even at a significantly reduced monthly production level of 45 units, if fixed costs remain constant?
question3) In the early stages of design, it is believed that the cost of a newly designed spacecraft is related to its weight. Cost and weight data for six spacecraft have been collected and normalized and are shown in the next table. A plot of the data suggests a linear relationship.
a) Use a spreadsheet model plot the relation
b) Determine the values of the coefficients for the CER. (The regression formula)
c) Determine the SE and the correlation coefficient for the CER developed.
space craft i | weight (LB) xi | cost (millions $) yi |
1 | 400 | 278 |
2 | 530 | 414 |
3 | 750 | 557 |
4 | 900 | 689 |
5 | 1300 | 740 |
6 | 1200 | 851 |
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