The Produce Manager for a Grocery Store Needs to Decide

question 88

Multiple Choice

The produce manager for a grocery store needs to decide how many heads of lettuce to order each day. A head of lettuce sells for $1.20 and costs the grocery store $0.75. Any unsold lettuce at the end of the day is donated to charity. If the manager purchases 250 heads of lettuce for tomorrow and demand for lettuce that day is 400 heads, the profit will be ________.

• A)- $68.25
• B)$45.00
• C)$0
• D)$112.50

Identify individual differences in memory and computational abilities.

Understand gender differences and societal influences on cognitive abilities and styles.

Identify and understand various forms of discrimination, including racism, sexism, ageism, and ableism.

Distinguish between systemic, structural, and direct forms of discrimination.

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Definitions:

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs and treats fixed manufacturing overhead as an expense of the period.

Period Cost

Expenses that are not directly tied to production activity and are expensed in the period in which they are incurred.

Variable Costing

A technique in accounting that encompasses only costs that vary with production (including direct materials, direct labor, and variable manufacturing overhead) in the pricing of products.

Period Cost

Expenses that are not directly tied to the production of goods and are instead associated with time periods, such as administrative salaries.