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HOMEWORK ASSIGNMENT 1.docx Untitled (HOMEWORK ASSIGNMENT 1 copy) 5 17 8 9 11 13 14 15 16 18 PURCHASING AND SUPPLY CHAIN MANAGEMENT, LSM 305 Homework 1 Due on August 27, 2021 Your corporation received orders from your customer, MMS, to supply AK49. As a purchasing manager, you contacted a reliable manufacture and supplier that agreed to sell you the product, AK49 @ $120 per unit. You also contacted your accounting department that furnished the following information on in-house manufacturing of AK49: Direct material: $54 per unit Direct labor: $26 per unit Overhead and other fixed cost: $60,000 Write cost functions for purchasing AK49 and for manufacturing in-house. Plot the two cost functions on a graph paper. Use an appropriate scale to show that the two cost functions intersect. For what range of orders would you recommend to make AK49 in house and for what range of orders would you purchase? As a purchasing manager, you are required to purchase internet service for your corporation. You have short-listed two suppliers: Goofey and Snoopy. And their charges are as follows: Goofey: A minimum of $1,000 for up to 10,000 minutes $1,000 plus 7 cents per minute for above 10,000 minutes of usage Snoopy: There is no minimum charge and charges are 8 cents per minute. . Write the two cost functions Plot the two cost functions on a graph paper. Over what range of usage would you select Goofey. or Snoopy. NOTE: You are required to use a graph paper or print graph papers on Microsoft Excel and then draw graphs by hand showing points clearly