Question: i need help with part 3 for the question you can use diagnostic, discriptive, predictive and prescriptive. Cycle Time and Conversion Cost per Unit Hatch

 i need help with part 3 for the question you can
i need help with part 3
for the question you can use diagnostic, discriptive, predictive and prescriptive.

Cycle Time and Conversion Cost per Unit Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 55 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are $528,000 per year. The total labor minutes available are 132,000. During the year, the cell was able to produce 1.2 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 220 per unit 2. Compute the applied conversion cost per unit (the amount of conversion cost actually assigned to the product). 200 per unit 3. Briefly explain how Hatch Manufacturing might further benefit from its accountants utilizing prescriptive data analytics (see Exhibit 2.6 for a review of data analytic types). The accountants appear to have utilized prescriptive x data analytics to understand the drivers of costs as well as diagnostic X analytics to forecast that if current cycle time could be reduced from 50 minutes per unit to 37 minutes per unit, then conversion costs would be reduced from $200 per unit to $148 per unit. VX data analytics to identify specific process reengineering A logical next stop would be for the accountants to utilize predective actions Feedback

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