Answered Essay: Price Use the information table below to find the maximum price that customers deem

Price Use the information table below to find the maximum price that customers deem acceptable. You can find this in the Customer Buying Criteria for each segment. Minimum Material Cost Minimum Labor Cost Calculate the minimum Labor Cost for each segment. Assume a base labor cost of $11.20 ($11.20 is a rough estimate of labor cost used solely to illustrate the Margin Potential Concept). Calculate the minimum Material Cost per segment using the following equation and table below: Minimum Material Cost= [(Lowest Acceptable MTBF 0.30)/1000]Trailing Minimum Labor Cost-[$11.20 (1.12 Edge Position Cost Automation Ratings Below)] 1.12 Customer Segment Information Trailing Edge Material Cost Leading Edge Material Cost MTBF Lowest Acceptable Maximum Level (out Automation Price of 10) ow Tech $1.50 $8.50 14,000 $35.00 10.0 High Tech $4.00 $10.00 17,000 $45.00 6.0 Margin Potential Minimum Maximum Material Minimum Contribution Contribution Labor Cost Margin($) Margin(%) Cost 5.7 9.1 Product Name Price Low Tech Abl 35 High Tech Abl 45 The Round O Foundation FastTrack Previous Next

Price Use the information table below to find the maximum price that customers deem acceptable. You can find this in the Customer Buying Criteria for each segment. Minimum Material Cost Calculate the minimum Material Cost per segment using the following equation and table below: Minimum Material Cost= [(Lowest Acceptable MTBF 0.30)/1000]Trailing Edge Position Cost Minimum Labor Cost Calculate the minimum Labor Cost for each segment. Assume a base labor cost of $11.20 ($11.20 is a rough estimate of labor cost used solely to illustrate the Margin Potential Concept). Minimum Labor Cost = [$11.20 -(1.12 * Automation Ratings Below)] + 1.12

Expert Answer

Minimum Labor Cost

  1. Low Tech: [11.20 – (1.12 * 10)] + 1.12 = 1.12
  2. High Tech: [ 11.20 – (1.12 * 6)] + 1.12 = 3.36

Contribution Margin: Price- (Material Cost +Labor Cost)

  1. Low Tech: 35 – (5.7 + 1.12) = 28.18
  2. High Tech: 45 – (9.1 + 3.36) = 32.54

Contribution Margin: (Contribution Margin * 100) / Maximum Price

  1. Low Tech: (28.18 * 100)/35 = 80.514
  2. High Tech: (32.54 * 100)/45 = 72.311
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