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Riverside Clippers Corp manufactures garden tools in a factory in Taneytown, Maryland. Recently, the company designed a collection of tools for professional use rather than consumer use. Management needs to make a good decision about whether to produce this line in their existing space in Maryland, where space is available or to accept an offer from a manufacturer in Taiwan. Data concerning the decision are: (Click the icon to view the data.) Read the requirements. Requirement 1. Should Riverside Clippers Corp manufacture the 800,000 garden tools in the Maryland facility or purchase them from the supplier in Taiwan? Explain. The cost of manufacturing 800,000 garden tools in the Maryland facility is and the cost of purchasing 800,000 garden tools from the Taiwan supplier is i i Requirements X Data Table - X 1. Should Riverside Clippers Corp manufacture the 800,000 garden tools in the Maryland facility Expected annual sales of tools (in units) 800,000 or purchase them from the supplier in Taiwan? Explain. Average selling price of tools $ 12 2. Riverside Clippers Corp believes that the U.S. dollar may weaken in the coming months against the New Taiwanese Dollar and does not want to face any currency risk. Assume that Price quoted by Taiwanese company, in New Taiwanese Dollars (NTD) 175 Riverside Clippers Corp can enter into a forward contract today to purchase 175 NTD for Current exchange rate 35 NTD = $1 $5.35. Should Riverside Clippers Corp manufacture the 800,000 garden tools in the Maryland facility or purchase them from the Taiwan supplier? Explain. Variable manufacturing costs $4.75 per unit 3. What are some of the qualitative factors that Riverside Clippers Corp should consider when Incremental annual fixed manufacturing costs associated with the new product line $ 400,000 deciding whether to outsource the garden tools manufacturing to Taiwan? Variable selling and distribution costs $1.00 per unit Annual fixed selling and distribution costs $ 220,000 Print Done Selling and distribution costs are the same regardless of whether the tools are manufactured in Maryland or imported Enter any number in the edit fields and then click Check Answer. Print Done