A Stockbroker Placed the Following Order for a Customer

question 96

Multiple Choice

A stockbroker placed the following order for a customer:
*50 shares of Kaiser Aluminum preferred at $104 a share
* 100 shares of GTE preferred at $25.25 a share
* 20 shares of Boston Edison preferred at $9.125 a share
What is the weighted arithmetic mean price per share?

• A) $25.25
• B) $79.75
• C) $103.50
• D) $46.51

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Definitions:

Product G1

This term is likely specific to a company or industry and denotes a particular product or model designated as "G1".

Traditional Costing

An accounting method that applies indirect costs to products based on a predetermined rate, not necessarily reflecting the actual usage of resources.

Direct Labor-Hours

The total hours worked directly on a manufacturing process or project.

Traditional Costing

An accounting method that allocates manufacturing overhead costs to products based on the volume of production resources consumed.