Question: Alfred Olson has provided you with the first data set. Also, he has informed you that CTC is currently assigning conversion costs to all tires

Alfred Olson has provided you with the first data set. Also, he has informed you that CTC is currently assigning conversion costs to all tires based on the average conversion cost per direct labor hour for the 48 observations. James Jetter, the CEO of CTC, would like to know the total product costs and unit costs for CTC/A105 and CTC/B107. In addition to the total product costs and unit costs for CTC/A105 and CTC/B107, he would also like to know the strength of the relationship between direct labor hours and total conversion costs. Has this relationship improved or weakened since automation? Provide James Jetter with a paper summarizing your findings. This short paper should 1) summarize the information and findings of your analysis, such as production cost per tire 2) after applying your critical thinking skills, discuss your insights as to any key drivers for the different cost amounts for each tire 3) compare and discuss the results of your current correlation analysis with the correlation analysis prior to automation, and 4) discuss your suggestions on how to improve the overall calculation of total product and unit costs for the different tires

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