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Elanso [62]
3 years ago
7

Jed goes to the deli to purchase turkey that costs $6.71 per pound. State regulations indicate that the scale used in the deli m

ust be accurate to within 1 20 pound. According to the scale, Jed's purchase weighs one-fourth pound and costs $1.68. How much might he have been undercharged or overcharged due to a scale error
Business
1 answer:
Neporo4naja [7]3 years ago
5 0

Answer:

$0.333

Explanation:

Given :

Price per pound = $6.71

Accuracy should be within 1/20 pound

Weight of Purchase = 1/4 pound

Cost of purchase = $1.68

Since accuracy is within 1/20 pound ;

The weight of purchase will be within :

(1/4 - 1/20 ; 1/4 + 1/20)

(0.2 ; 0.3)

The weight of purchase would be within (0.2 ; 0.3) including factoring in the accuracy level.

Price per pound = $6.71

If weight is 0.2 pounds ; ($6.71 * 0.2) = 1.342

If weight is 0.3 pounds ; ($6.71 * 0.3) = 2.013

Difference :

$(2.013 - 1.68) = $0.333

Owing to scale error, Jed might have been under charged or overcharged an amount of $0.333

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Explanation:

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3 years ago
Lupine Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
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Answer:

Allocated MOH= $420

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

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Predetermined manufacturing overhead rate= $14 per machine hour

<u>Now, we can allocate overhead to Job L716:</u>

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What are the 8 Consumer Rights
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The delegates to the Constitutional Convention were among the most educated, powerful, and wealthy citizens of the new country.
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If the money supply is growing at a rate of 1010 percent per​ year, real GDP​ (real output) is growing at a rate of 11 percent p
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Answer:

The correct answer is 999%

Explanation:

We will use the Quantity Theory of Money to solve this simple question.

The Quantity Theory of Money equation is equal to:

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