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Question - Alvarez Manufacturing Inc. is a job shop. The management of Alvarez Manufacturing Inc. uses the cost information from the job sheets to assess cost performance. Information on the total cost, product type, and quantity of items produced is as follows:
Date
Job No.
Product
Quantity
Amount
Jan. 2
1
TT
520
$16,120
Jan. 15
22
SS
1,610
20,125
Feb. 3
30
1,420
25,560
Mar. 7
41
670
15,075
Mar. 24
49
SLK
2,210
22,100
May 19
58
2,550
31,875
June 12
65
620
10,540
Aug. 18
78
3,110
48,205
Sept. 2
82
1,210
16,940
Nov. 14
92
750
8,250
Dec. 12
98
2,700
52,650
On your own paper, develop a graph for each product (three graphs), with Job Number (in date order) on the horizontal axis and Unit Cost on the vertical axis. Then, determine Alvarez Manufacturing Inc.'s cost performance over time for the three products. Round all answers to the nearest cent.
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