In my opinion, we ought to stop making our own drums and accept that outside...
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In my opinion, we ought to stop making our own drums and accept that outside suppliers offer, said Wim Niewindt, managing director of Antilles Refining, NV of Aruba. At a price of $ per drum, we would be paying $ less than it costs us to manufacture the drums in our own plant. Since we use drums a year, that would be an annual cost savings of $ Antilles Refinings current cost to manufacture one drum is given below based on drums per year:
Direct materials $
Direct labor
Variable overhead
Fixed overhead $ general company overhead, $ depreciation, and $ supervision
Total cost per drum $
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