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

question 154

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 2?

• A) $0.19.
• B) $0.30.
• C) $0.18.
• D) $0.20.

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Definitions:

Legislative Supremacy

The concept that the legislature is the supreme branch of government and its laws, within constitutional limits, are unchallengeable.

Bicameral Legislature

A legislative body composed of two separate chambers or houses, typically a lower house and an upper house.

Proportional Representation

An electoral system in which the number of seats won by a party or group of candidates is proportionate to the number of votes received.

Senate Representation

In the context of the United States, this refers to the principle of equal representation in the Senate, where each state, regardless of its population size, is represented by two Senators.