Yehle Inc Regularly Uses Material Y51B and Currently Has in Stock

question 21

Multiple Choice

Yehle Inc. regularly uses material Y51B and currently has in stock 460 liters of the material for which it paid $2,530 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $4.55 per liter. New stocks of the material can be purchased on the open market for $5.45 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 720 liters of the material to be used in a job for a customer. The relevant cost of the 720 liters of material Y51B is:

• A)$3,924
• B)$5,450
• C)$3,510
• D)$3,276

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Definitions:

Accommodation

The cognitive process of adjusting or adapting one's cognitive schemas to incorporate new information.

Piagetian Process

Refers to the cognitive development process of children as theorized by Jean Piaget, which includes stages such as sensorimotor, preoperational, concrete operational, and formal operational.

Changing Environments

The dynamic nature of surroundings that require adaptation by organisms or systems.

Erikson's Theory

A psychosocial development theory outlining eight stages from infancy to adulthood, each characterized by a psychological crisis.