Confectioners, a Chain of Candy Stores, Purchases Its Candy in Bulk

question 76

Multiple Choice

Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and received 8,500 pieces of candy that are allocated among three groups. Group 1 consists of 2,500 pieces that are expected to sell for $0.15 each. Group 2 consists of 5,500 pieces that are expected to sell for $0.36 each. Group 3 consists of 500 pieces that are expected to sell for $0.72 each. Using the relative sales value method, what is the cost per item in Group 1?

• A) $0.13.
• B) $0.08.
• C) $0.10.
• D) $0.19.

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Definitions:

Genetic Traits

Characteristics that are influenced by genes inherited from one's parents, including physical appearance, behavior, and risk for certain diseases.

Tissue Differentiation

The process by which unspecialized cells develop into their mature form and function.

Crossing Over

The exchange of genetic material between homologous chromosomes during meiosis, leading to genetic diversity.

Homologous Chromosomes

In a diploid organism, chromosomes that come in similar pairs based on their shape, size, and genetic material, with one coming from each parent.