1179 Words5 Pages

TASK 1
A. Complete the attached “Simulation Template” to determine the following costs:
1. Average materials cost per unit
The first thing I had to do was figure out the random numbers interval in order to figure out the material cost per unit.
Materials
Probability Cost Random Numbers Interval*
0.2 $ 33.00 0.00 < 0 .20
0.33 $ 35.00 0.21 < 0.53
0.37 $ 38.00 0.54< 0.90
0.1 $ 39.00 0.91 < 1
*The random number interval came from the probability which was provided in the simulation template. I first start with 0.00 less than the probability which is 0.20 then we start at 0.21 less than 0.53. I came up with 0.53 from adding the initial probability of 0.20 and the second 0.33. Next I start at 0.54 less than 0.90 these figures come from adding 0.53 plus the third probability of 0.37. Lastly, I start at 0.91 less than 1 and again I adding 0.90 plus the last probability of 0.10.
Now let’s find the Average materials cost per unit. Let’s being by*…show more content…*

Now we all the 12 costs per units amount from table 2 and divided by 12 in order to get the average. 38 + 38 + 38 + 35 + 35 + 38 + 35 + 38 + 33 + 39 +35 +35 = 437 Now 437/12 = 36.45 The average materials cost per unit is $36.45 2. Average labor cost per unit I use the same formula as I did above to figure out the average labor cost per unit. Labor Probability Cost Random Numbers Interval 0.18 $ 22.00 0.0 < 0.18 0.08 $ 23.00 0.19 < 0.26 0.25 $ 24.00 0.27 < 0.51 0.19 $ 25.00 0.52 < 0.70 0.3 $ 28.00 0.71 <

Now we all the 12 costs per units amount from table 2 and divided by 12 in order to get the average. 38 + 38 + 38 + 35 + 35 + 38 + 35 + 38 + 33 + 39 +35 +35 = 437 Now 437/12 = 36.45 The average materials cost per unit is $36.45 2. Average labor cost per unit I use the same formula as I did above to figure out the average labor cost per unit. Labor Probability Cost Random Numbers Interval 0.18 $ 22.00 0.0 < 0.18 0.08 $ 23.00 0.19 < 0.26 0.25 $ 24.00 0.27 < 0.51 0.19 $ 25.00 0.52 < 0.70 0.3 $ 28.00 0.71 <

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