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A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products. Me

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Answer #1
Product Quantity Year 1, (base year) Year 5, (Obs year) Quantity*obs cost Quantity*Base cost
A 2500 10.50 15.90 2500*15.9 = 39750 2500*10.5 = 26250
B 5000 16.25 32.00 5000*32 = 160000 5000*16.25 = 81250
C 7000 12.20 16.40 7000*16.4 = 114800 7000*12.2 = 85400
D 2500 20.00 35.50 2500*35.5 = 88750 2500*20 = 50000
Total 403300 242900

Price index = 403300/242900 *100 = 166.0354 = 166

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