For this problem, the answer is choice A.
Answer:
The laspeyres method of weighted aggregate price index is used of LIFO inventory valuation, therefore laspeyres index number is 106.08
Step-by-step explanation:
First of all we would have to perform the following table:
Product Ending Inventory(Q0) Begining(P0) Ending(P1) P0×Q0 P1×Q0
A 500 0.15 0.21 75 105
B 50 1.60 1.80 80 90
C 100 4.50 4.20 450 420
D 40 12.00 13.40 480 536
Total 1085 1151
Therefore, using laspeyres index number, we calculate the following:
laspeyres index number=(∑P1×Q0/∑P0×Q0)×100
laspeyres index number=(1151/1085)×100
laspeyres index number=106.08
DAnswer:
Step-by-step explanation:
Answer:
$72
Step-by-step explanation:
one lb costs $12 so just multiply it by 6
Answer:
(a)Bill's Total piecework pay =$500
(b)Amount owed by his boss=$26
Step-by-step explanation:
Let the number of documents put together and prepared for mailing by Bill =x
Bill receives 25 Cents=$0.25 for every document
Therefore for x documents, Bill should receive: $0.25x
If Bill prepared 2000 documents for mailing
x=2000
The amount he should receive = $0.25 X 2000 =$500
(a)Bill's Total piecework pay =$500
(b)Amount owed by his boss
=500-474
=$26
