New York Liberty Corporation Makes Miniature Statues of the Empire

question 145

Essay

New York Liberty Corporation makes miniature statues of the Empire State Building from cast iron.Sales total 50,000 units a year.The statues are finished either rough or polished,with an average demand of 60% rough and 40% polished.Iron ingots,the direct material,costs $6 per pound.Processing costs are $300 to convert 30 pounds into 60 statues.Rough statues are sold for $15 each,and polished statues can be sold for $18 or engraved for an additional cost of $5.Polished statues can then be sold for $30.
Required:
Determine whether New York Liberty Company should sell the engraved statutes.Why?

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Definitions:

Nativism

The political policy of promoting the interests of native inhabitants against those of immigrants, including the support of immigration-restriction measures.

Prohibition

The prohibition of producing, selling, and moving alcoholic drinks in the US from 1920 to 1933, enacted through the 18th Amendment.

Female Reformers

Women who actively work or have worked toward social, political, or environmental change, often advocating for rights, equality, and justice.

Labor Force

The total number of people available for work, including both the employed and the unemployed.