Order Your Paper From the most reliable Essay writing Service. 

.

 

“Assignment Requirements

Given:
Management has asked you to help estimate the average cost per unit to produce a new product so that they can project profits at different selling prices. You will conduct a Monte Carlo simulation for cost behavior using provided probabilistic data for the following cost estimates. Cost per unit for materials labor and utilities and their probability distributions are provided in the attached worksheet. In your calculations round to the nearest cent.
Task:
A. Complete the attached Simulation Template by doing the following (responses should include two decimal places):
1. Determine the following costs correctly:
a. Average materials cost per unit
b. Average labor cost per unit
c. Average utilities cost per unit
d. Average total cost per unit
2. Show your random interval tables you used to correctly determine the costs in parts A1aA1d.
a. Explain how you correctly used the random interval tables from part A2 to populate the Simulation Template.

Order Now
https://thecustomwritings.com/order/
YOU CAN ALSO PLACE OTHER SIMILAR ORDERS ON OUR WEBSITE AND GET AMAZING DISCOUNTS!!!”