Find the Unit Cost

question 14

Multiple Choice

Find the unit cost. Round to the nearest tenth of a cent. Adjustable wood clamps, 4 for $11.95

• A) $7.950 per clamp
• B) $0.335 per clamp
• C) $2.988 per clamp
• D) $3.088 per clamp
• E) $8.962 per clamp

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Definitions:

Purchase Requisition

A document used in the procurement process to request authorization for a purchase order.

Department Manager

An individual responsible for overseeing the operations, personnel, and budget of a specific department within a company.

Petty Cash Account

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Cash Over and Short

An accounting discrepancy representing a minor difference between the actual amount of cash on hand and the recorded amount.