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Describe the circumstances of the following case study and recommend a course of action. Explain your approach to the problem, perform relevant calculations and analysis, and formulate a...

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Describe the circumstances of the following case study and recommend a course of action. Explain your approach to the problem, perform relevant calculations and analysis, and formulate a recommendation. Ensure your work and recommendation are thoroughly supported.

Case Study:

A vacuum manufacturer has prepared the following cost data for manufacturing one of its engine components based on the annual production of 50,000 units.

DescriptionCost per Month
Direct Materials $75,000
Direct Labor$100,000
Total$175,000


In addition, variable factory overhead is applied at $7.50 per unit. Fixed factory overhead is applied at 150% of direct labor cost per unit. The vacuums sell for $150 each. A third party has offered to make the engines for $60 per unit. 75% of fixed factory overhead, which represents executive salaries, rent, depreciation, and taxes, continue regardless of the decision. Should the company make or buy the engines?

Superior papers will:

  • Perform all calculations correctly.
  • Articulate the approach to solving the problem, including which financial information is relevant and not relevant.
  • Correctly conclude on whether the company should make or buy the engines.

Propose other factors that should be considered when making this decision and elaborate on whether or not those factors do or do not support the decision.

*Please provide References

Answered 3 days After Dec 02, 2021

Solution

Nitish Lath answered on Dec 06 2021
137 Votes
Solution
Annual number of units = 50000
    Particulars
    Cost per month ($)
    Annual cost ($)
    Cost per unit ($)
    
    
    
    
    Direct materials
    75,000
    900,000
    18
    Direct labo
    100,000
    1,200,000
    24
    Variable overhead
    
    
    7.50
    Fixed factory overhead (150% of direct labor cost)
    
    
    36
    Total cost per unit
    
    
    85.50
It is given that 75% of the fixed factory overhead cost will be incu
ed i
espective of the fact that the product is made or purchased from outside suppliers and thus for the purpose of decision making it will not be considered in this purpose.
A....
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