What should be the average cost per pound

Assignment Help Accounting Basics
Reference no: EM132488327

Question - The International House of Nuts, a boutique nut shoppe that recently opened in your neighborhood, wants to sell a premium blend of nuts consisting of 3 pounds of Brazil nuts at $11.99 per pound, 11 pounds of cashews at $10.99 per pound, and 11 pounds of chestnuts at $4.95 per pound. The manager has asked your help in determining the price at which the mixture should sell. Using your superior mathematical skills, what should be the average cost per pound of this premium nut mixture? Express your answer rounded to the nearest cent.

Reference no: EM132488327

Questions Cloud

Why corporations must proactively manage e-discovery process : When we take a close look at the author's point of view, under the Federal Rules of Civil Procedures (FRCP) amendments dating back to 1938 there has been.
Explain cultural considerations that counselor must account : Explain cultural considerations that the counselor must account for when working with a client from each of the following groups (100-150 words each).
What you need to learn as a graduate student : The 21st Century offers diverse opportunities and challenges for an SLP within a global society. Choose one or two areas of interest from the following list.
Calculate the ending cash balance : Wobble Inc. has an opening cash balance of $5,200. Its liquidity metric for the period has increased by $2,320. Calculate the ending cash balance
What should be the average cost per pound : The manager has asked your help in determining the price at which the mixture should sell. What should be the average cost per pound
30th percentile for number of chocolate chips in a bag : The number of chocolate chips in a bag of chocolate chip cookies is approximately normally distributed with a mean of 1263 chips and a standard deviation of 117
Application of alternative energy sources : Discuss environmentally related technologies and materials that are fundamental in a range of industries including construction, structural mechanics
Compute the after-tax cost of capital to dayton for bonds : The bonds would mature in 15 years, and the coupon interest rate is 10%. Compute the after-tax cost of capital to Dayton for bonds, assuming a 34% tax rate
Calculate the cost of capital of a stock : Compute the net present value, profitability index, and internal rate of return for a given company. Calculate the cost of capital of a stock.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is profit from processing one batch of the common input

Assuming that no other costs are involved in processing the common input or in selling products, what is profit from processing one batch of the common input

  How much an investor would have to pay for given bond

A 20-year, zero-coupon bond was recently quoted at 10.25% of par. Find the current yield and the promised yield of this issue, given that the bond.

  What is the correct journal entry for recording

What is the correct journal entry for recording the second semiannual payment (round interest calculation to the nearest dollar)

  Compute the static budget variances

Compute the static budget variances and the flexible-budget variances forvariable and fixed costs for the systems consulting department forJune 20X1.

  Which of the terms best relates to intangible assets

A machine that cost $9,000 with a book value of $2,000 is sold for $1,100, and an entry is made. Which of the following is true about the entry?

  What is the average daily revenue

Rampart Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient-days estimated for next year. What is the average daily revenue per patient necessary to breakeven?

  Prepare a bank reconciliation

The cash account for Bonita Medical Co. At September 30, 2008, indicated a balance of $5,335.30. Prepare a bank reconciliation

  High-low method to estimate monthly fixed supervision cost

Use the high-low method to estimate Ginburg's monthly fixed supervision cost and the cost per labor hour (i.e. assume Ginsburg uses machine hours as its measure of activity).

  Make a cost of goods manufactured schedule

Elias Corporation has the following cost records for February 2013- Prepare a cost of goods manufactured schedule for February 2013

  Analyzing and comparing two large corporations

Research Project you will be analyzing and comparing two large Corporations - examination of the Lowes and Home Depot 10-Ks.

  The management of wymer corporation would like to

the management of wymer corporation would like to investigate the possibility of basing its predetermined overhead rate

  Compute the mix and quantity variances for the year

A total of 6,800 Spirit rings were sold for revenues of $4,658,000. Compute the mix and quantity variances for the year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd