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Summit Products, Inc. is interested in producing and selling an improved widget Market research indicates that...
Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that...
Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $76 for such a widget and that 36,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $52. 1. If Summit Products requires a 25% return on sales to undertake production, what is the target cost for the new widget? a. $57.00 b. $19.00 c. $63.00 d....
Michelle Industries has conducted market research which indicates customers are interested in purchasing its new product....
Michelle Industries has conducted market research which indicates customers are interested in purchasing its new product. Michelle requires a 30% gross margin on all new products. The production supervisor has been directed to produce this product at its target cost of $26.95 per unit. What is the price customers are willing to pay for this new product (if necessary, round your answer)? O $35.04 O $38.54 O $61.99 O $45.82
please help me answer this by 8pm today. thank you!! Kimberly Industries has conducted market research...
please help me answer this by 8pm today. thank you!!
Kimberly Industries has conducted market research which indicates customers are interested in purchasing its new product. Kimberly requires a 40% gross margin on all new products. The production supervisor has been directed to produce this product at its target cost of $28.30 per unit. What is the price customers are willing to pay for this new product (if necessary, round your answer)? O $39.62 O $67.92 O $47.26 o $45.28
Wetherald Products, Inc., has a Pump Division that manufactures and sells a number of products, including...
Wetherald Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, In one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 57,500 s 92 S 58 16 S The Pool Products Division is currently purchasing 4,500 of these...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, in one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 87,500 $ 91 $ 32 $ 38 The Pool Products Division is currently purchasing 23,000 of these...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, in one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 90,000 S 93 $ 33 S 39 The Pool Products Division is currently purchasing 24,000 of these...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including a standard relay that could be used by another division in the company, the Electronics Division, in one of its products. Data concerning that relay appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 30,000 $ 23 $ 7 $ 15 The Electronics Division is currently purchasing 4,200 of these relays per...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including a standard relay that could be used by another division in the company, the Electronics Division, In one of its products. Data concerning that relay appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 55,000 $ 43 13 S 25 The Electronics Division is currently purchasing 7,700 of these relays per year...
13) The cost the Almy type of market 7) The market is an example of A)...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
The Alpha Dog Company manufactures and distributes a variety of pet-related products. In response to customer...
The Alpha Dog Company manufactures and distributes a variety of pet-related products. In response to customer feedback relating to the fragile nature of many commercially available dog leashes, the company’s product development team has recently introduced a prototype of a new, virtually indestructible dog leash. The development of the prototype cost $250,000 in research and development costs. The product development team has presented their proposal to Adam Smith, the company’s president and CEO. Adam has asked you, as the chief...
Michelle Industries has conducted market research which indicates customers are interested in purchasing its new product. Michelle requires a 30% gross margin on all new products. The production supervisor has been directed to produce this product at its target cost of $26.95 per unit. What is the price customers are willing to pay for this new product (if necessary, round your answer)? O $35.04 O $38.54 O $61.99 O $45.82
please help me answer this by 8pm today. thank you!!
Kimberly Industries has conducted market research which indicates customers are interested in purchasing its new product. Kimberly requires a 40% gross margin on all new products. The production supervisor has been directed to produce this product at its target cost of $28.30 per unit. What is the price customers are willing to pay for this new product (if necessary, round your answer)? O $39.62 O $67.92 O $47.26 o $45.28
Wetherald Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, In one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 57,500 s 92 S 58 16 S The Pool Products Division is currently purchasing 4,500 of these...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, in one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 87,500 $ 91 $ 32 $ 38 The Pool Products Division is currently purchasing 23,000 of these...
Germano Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, in one of its products. Data concerning that pump appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 90,000 S 93 $ 33 S 39 The Pool Products Division is currently purchasing 24,000 of these...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including a standard relay that could be used by another division in the company, the Electronics Division, in one of its products. Data concerning that relay appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 30,000 $ 23 $ 7 $ 15 The Electronics Division is currently purchasing 4,200 of these relays per...
Ganus Products, Inc., has a Relay Division that manufactures and sells a number of products, including a standard relay that could be used by another division in the company, the Electronics Division, In one of its products. Data concerning that relay appear below: Capacity in units Selling price to outside customers Variable cost per unit Fixed cost per unit (based on capacity) 55,000 $ 43 13 S 25 The Electronics Division is currently purchasing 7,700 of these relays per year...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
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