A. Complete the attached “Simulation Template” by doing the following (responses should include two decimal places):

1. Determine the following costs correctly:

a. Average materials cost per unit

b. Average labor cost per unit

c. Average utilities cost per unit

d. Average total cost per unit

2. Show your random interval tables you used to correctly determine the costs in parts A1a–A1d.

a. Explain how you correctly used the random interval tables from part A2 to populate the “Simulation Template.”

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

1. Explain how you arrived at the selling price from part B.

Subject | Mathematics |

Due By (Pacific Time) | 01/27/2014 12:00 am |

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