Determine the selling price per unit that should be established for the new product using your simulation results.

Task 1

  1. Complete the attached “QAT1 Task 1 Spreadsheet” (responses should include two decimal places) by doing the following:
  2. Determine required unit costs correctly by doing the following:
  3. Determine the average materials cost per unit.
  4. Determine the average labor cost per unit.
  5. Determine the average utilities cost per unit.
  6. Determine the average total cost per unit.
  7. Include the three random interval tables needed to correctly determine the costs from part A1.
  8. Describe how you correctly used the random interval tables from part A2 to populate the “QAT1 Task 1 Spreadsheet.”
  9. Determine the selling price per unit that should be established for the new product using your simulation results.
  10. Describe how you arrived at the selling price from part B.

 

Note: For your calculations in parts B and B1, assume that the company wants to realize an average markup of $20 on each unit sold.

 

  1. When you use sources, include all in-text citations and references in APA format.

Note: To reduce unnecessary matches select ignore “small matches <20 words” and “bibliography.”

Note: For definitions of terms commonly used in the rubric, see the Rubric Terms web link included in the Evaluation Procedures section.

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