In my opinion, we ought to stop making our own drums and accept that outside supplier’s offer:” said 1 answer below »
In my opinion, we ought to stop making our own drums and accept that outside supplier’s offer:” said Wim Niewindt, managing director of Antilles Refining, N.V., of Aruba. “At a price of 18 florins per drum, we would be paying 5 forms less than it costs us to manufacture the drums in our own plant. (The currency in Aruba is the form, denoted below by fl.) Since we use 60,000 drums a year, that would be an annual cost savings of 300,000 florins.” Antilles Refining’s present cost to manufacture one drum is given below (based on 60,000 drums per year):