Your are a supplier manager for ABC Widgets Inc. The company is developing a new product. One of the components is an injection molded part. The Development team is requesting a cost for the part, but you don't have time to quote. You have supplier standard costs from other injection molded parts that you will use as a basis for estimating cost. The part weighs $3\mathrm{.}5$ pounds, and the material cost is $$1\mathrm{.}30$ per pound.Your are a supplier manager for ABC Widgets Inc. The company is developing a new product. One of the components is an injection

molded part. The Development team is requesting a cost for the part, but you don't have time to quote. You have supplier standard costs

from other injection molded parts that you will use as a basis for estimating cost. The part weighs $3\mathrm{.}5$ pounds, and the material cost is

$$1\mathrm{.}30$ per pound.

What is your cost estimate?

What is your cost estimate?