Confectioners, a chain of candy stores, purchases its candy in
bulk from its suppliers. For a recent shipment, the company paid
$2900 and received 7300 pieces of candy that are allocated among
three groups. Group 1 consists of 2170 pieces that are expected to
sell for $0.15 each. Group 2 consists of 4840 pieces that are
expected to sell for $0.33 each. Group 3 consists of 290 pieces
that are expected to sell for $0.69 each. Using the relative sales
value method, what is the cost per item in Group 1?
$0.45.
$0.21.
$0.94.
$0.40.
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a...
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $4100 and received 6100 pieces of candy that are allocated among three groups. Group 1 consists of 1810 pieces that are expected to sell for $0.15 each. Group 2 consists of 4120 pieces that are expected to sell for $0.46 each. Group 3 consists of 170 pieces that are expected to sell for $0.82 each. Using the relative sales...
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $2400 and received 7800 pieces of candy that are allocated among three groups. Group 1 consists of 2320 pieces that are expected to sell for $0.15 each. Group 2 consists of 5140 pieces that are expected to sell for $0.28 each. Group 3 consists of 340 pieces that are expected to sell for $0.64 each. Using the relative sales...