The following information applies to the questions dsplayed belowJ Kinnear Plast

Question

The following information applies to the questions dsplayed belowJ Kinnear Plastics manufactures various components for the aircraft and marine industry Kinnear buys plastic from two vendors. Tappan Corporation deemed unsuitable is disposed of The controller at Kinnear collected the following information on purchases for the past year and Hill ooses the vendor based on prce Once the plastic is received, it is inspected to ensure that it is suitable for production Plastic that is Kinnearc Tappan Hll Total purchases (tons) Plastic discarded 4,400 8,200 110 410 The purchasing manager has just received bids on an order for 150 tons of plastic from both Tappan and Hill. Tappan bid $1.482 and Hill bid S1.463 per ton Required information 10.00 points Required 1-a. Assume that the evorage quality, measured by the amounts discarded trom the two companies, will continue as in the past. What is the effective cost per ton for both Tappan and Hil? IDo not round intermediate calculations.) TappanHil Effocive cost per ton

Explanation / Answer

Tappan Hills Total Units                   4,400               8,200 Discarded                       110                   410 Good quality products                   4,290               7,790 Effective products 97.50% 95.00% Bid received per ton                   1,482               1,463 Effective Bid received per ton =1482/97.5% =1463/95% Effective Bid received per ton                   1,520               1,540

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