What is champions scrap efficiency

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Reference no: EM13901470

Champion Cooling Co. locates a scrap metal dealer that is willing to pay 33 cents a pound for all scrap copper so they sign an exclusive contract with that firm. Champion reports a cost of goods sold of $100,000 and a scrap cost of $20,000 for their 3030 pounds of scrap copper. Taking their agreement with the dealer into consideration, what is Champion’s scrap efficiency?

A. 0.20

B. 5.00

C. 5.26

D. 0.33

E. 0.19

Reference no: EM13901470

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