A packet of ground beef weighs 2.36 pounds and costs $1.99 per pound. What is the...
A packet of ground beef weighs 2.36 pounds and costs $1.99 per pound. What is the price of beef to the nearest cent?
$3.86
$3.94
$4.69
$4.70 (this is the answer) but can i get details?
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A packet of ground beef weighs 2.36 pounds and costs $1.99 per
pound. What is the...
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance...
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 80 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 50 cents per burger. Demand is normally distributed with a mean of 302 pounds per day and a...
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance...
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 80 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 20 cents per burger. Demand is normally distributed with a mean of 200 pounds per day and a...
Paulina sells beef in a competitive market where the price is $7 per pound. Her total revenue and total costs are given...
Paulina sells beef in a competitive market where the price is $7 per pound. Her total revenue and total costs are given in the table below. Quantity of beef (lbs.) Total revenue ($) Total cost ($) Profit ($) Marginal revenue ($) Marginal cost (5) Marginal profit ($) 1 14 21 28 12 18 25 T Instructions: Round your answers to the nearest dollar and include a negative sign if appropriate. a. Fill out the table. b. At what quantity does...
Students in a meat science class examined the relationship between the price of ground beef in 5 per pound) and fat con...
Students in a meat science class examined the relationship between the price of ground beef in 5 per pound) and fat content (in grams) for a random sample of meats gathered from a local grocery store. The data are plotted in the scatterplot below. Scatterplot of Price/lb vs Fat Grams 10 Fal Grams Which of the following is the best estimate of the correlation, based only on the scatterplot? Hint: No calculation is required. Use what you know about correlation....
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The standard quantity of materials required in the process is 5,700 pounds, which cost $5.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.00 per pound. The processing into Decaf Columbian requires additional processing costs of $11,150 per batch. The additional processing will...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,400 pounds. The...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,400 pounds. The standard quantity of materials required in the process is 5,400 pounds, which cost $5.00 per pound. Columblan coffee can be sold without further processing for $6.40 per pound. Columblan coffee can also be processed further to yleld Decaf Columblan, which can be sold for $11.00 per pound. The processing Into Decaf Columblan requires additional processing costs of $13,850 per batch. The additional processing will...
3.6 Sell or Process Further Zing Coffee Company produces Columbian coffee in batches of 5,500 pounds....
3.6
Sell or Process Further Zing Coffee Company produces Columbian coffee in batches of 5,500 pounds. The standard quantity of materials required in the process is 5,500 pounds, which cost $4.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $12.00 per pound. The processing into Decaf Columbian requires additional processing costs of $13,950 per batch. The additional processing...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The standard quantit...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The standard quantity of materials required in the process is 5,700 pounds, which cost $5.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.00 per pound. The processing into Decaf Columbian requires additional processing costs of $11,150 per batch. The additional processing will...
what is the standard direct material price per pound for the plastic in the dolls Tommy's...
what is the standard direct material price per pound for the
plastic in the dolls
Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Steel Plastic pri Direct materials information ma Standard pounds per unit 3 lb. 1.5 lb. $1 Standard Price (SP) per pound $3.00 Actual Quantity (AQ) used...
Jill makes two products out of a joint process—products Beta & Gamma. The joint (common) costs...
Jill makes two products out of a joint process—products Beta & Gamma. The joint (common) costs incurred are $800,000 for a standard production run that generates 70,000 pounds of Gamma and 30,000 pounds of Beta. Gamma sells for $9.00 per pound whereas Beta sells for $7.00 per pound. 7) If there are no additional processing costs incurred after the splitoff point, the amount of joint cost of each production run allocated to Beta on a sales value at splitoff basis...
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 80 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 20 cents per burger. Demand is normally distributed with a mean of 200 pounds per day and a...
Paulina sells beef in a competitive market where the price is $7 per pound. Her total revenue and total costs are given in the table below. Quantity of beef (lbs.) Total revenue ($) Total cost ($) Profit ($) Marginal revenue ($) Marginal cost (5) Marginal profit ($) 1 14 21 28 12 18 25 T Instructions: Round your answers to the nearest dollar and include a negative sign if appropriate. a. Fill out the table. b. At what quantity does...
Students in a meat science class examined the relationship between the price of ground beef in 5 per pound) and fat content (in grams) for a random sample of meats gathered from a local grocery store. The data are plotted in the scatterplot below. Scatterplot of Price/lb vs Fat Grams 10 Fal Grams Which of the following is the best estimate of the correlation, based only on the scatterplot? Hint: No calculation is required. Use what you know about correlation....
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The standard quantity of materials required in the process is 5,700 pounds, which cost $5.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.00 per pound. The processing into Decaf Columbian requires additional processing costs of $11,150 per batch. The additional processing will...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,400 pounds. The standard quantity of materials required in the process is 5,400 pounds, which cost $5.00 per pound. Columblan coffee can be sold without further processing for $6.40 per pound. Columblan coffee can also be processed further to yleld Decaf Columblan, which can be sold for $11.00 per pound. The processing Into Decaf Columblan requires additional processing costs of $13,850 per batch. The additional processing will...
3.6
Sell or Process Further Zing Coffee Company produces Columbian coffee in batches of 5,500 pounds. The standard quantity of materials required in the process is 5,500 pounds, which cost $4.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $12.00 per pound. The processing into Decaf Columbian requires additional processing costs of $13,950 per batch. The additional processing...
Sell or Process Further Abica Coffee Company produces Columbian coffee in batches of 5,700 pounds. The standard quantity of materials required in the process is 5,700 pounds, which cost $5.00 per pound. Columbian coffee can be sold without further processing for $7.40 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.00 per pound. The processing into Decaf Columbian requires additional processing costs of $11,150 per batch. The additional processing will...
what is the standard direct material price per pound for the
plastic in the dolls
Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Steel Plastic pri Direct materials information ma Standard pounds per unit 3 lb. 1.5 lb. $1 Standard Price (SP) per pound $3.00 Actual Quantity (AQ) used...
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