Required: 1. Calculate the Current Cost and Profit Per Unit

question 83

Essay

Required:
1. Calculate the current cost and profit per unit.
2. How much of the current cost per unit is attributable to non-value added activities?
3. Calculate the new target cost per unit for a sales price of $400 if the profit per unit is maintained.
4. What strategy do you suggest for Warrenton to attain the target cost calculated in part (3)?Warrenton Industries manufactures hydraulic components for large automated machine tools. Myles English, the Vice President for Marketing, has concluded from his market analysis that sales are dwindling for one of the firm's products main products, a hydraulic valve, because of aggressive pricing by competitors. Warrenton's product sells for $525 whereas the competition's comparable part is selling in the $425 range. Mr. English has determined that a price drop to $400 is necessary to regain market share and annual sales of 1,000 units.
Cost data based on sales of 1,000 valves:

Differentiate between initial, ongoing, and discharge planning in nursing practice.

Formulate effective outcome statements and goals for nursing care plans.

Recognize the necessity of including patient and family input in planning care.

Compare and contrast critical pathways and standardized nursing care plans in terms of their application in clinical settings.

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Definitions:

Family History

Information about diseases and health conditions that have occurred in a person's direct and close relatives, used for medical assessment and risk evaluation.

Breast Cancer

A malignant tumor that originates in the breast cells, one of the most common cancers among women.

Stage II

Typically refers to the level or extent of disease progression, often used in the classification of cancer or pressure ulcers, indicating localized spread or damage.

Lung Cancer

A type of cancer that begins in the lungs, often associated with smoking, characterized by the uncontrolled growth of abnormal cells.