Decide Which of the Two Given Prices Is the Better

question 89

Multiple Choice

Decide which of the two given prices is the better deal.
-The same kind of water is sold in two types of bottle. Which type has the lower unit price? Five 10-oz bottles for $2.30
Seven 12-oz bottles for $4.20

• A)Five 10-oz bottles
• B)not enough information
• C)Seven 12-oz bottles
• D)equal value

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Definitions:

Personnel Costs

Expenses related to employees, including wages, salaries, benefits, payroll taxes, and training costs, which are a major part of operating expenses for many businesses.

Information Technology

The study and use of systems for storing, retrieving, and sending information, often involving computers and telecommunications.

Cost Reconciliation Report

A document summarizing the differences between standard costs and actual costs of production.

Work In Process Inventory

An accounting term referring to the total cost of unfinished goods in production.