Assignment:
A. Complete the attached "QAT1 Task1 spreadsheet "(response include two decimal places) by doing the following:
1. Determine required unit costs correctly by doing the following:
a) Determine the average material cost per unit
b) Determine the average labor cost per unit
c) Determine the utilities cost per unit
d) Determine the average total cost per unit
2. Include three random interval tables needed to correctly determine the costs from part A1
a) Describe how you correctly used random interval table from part A2 to populate the "QAT1 Task Spreadsheet".
B. Determine the selling price per unit that should be established for the new product using your simulation results.
1. Describe how you arrived at the selling price from part B.
Note: from your calculation in parts B and B1 assume that the company wants to realize the an average markup of $20 on each unit sold.
Complete 12 trials using the random numbers that are provided on the "Simulation template" for each probability distribution. Use the random numbers in the exact sequence that they appear on the template for each cost.