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A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.

A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 41E: Bradshaw Company reported sales of 5,000,000 in 20X1. At the end of the fiscal year (June 30, 20X1),...
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A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.
Transcribed Image Text:A truckload of materials was purchased for $ 36,000. They were sorted out into the following grades whose Market rate is shown as under: No. of Units Selling rate per unit Grade X 5,000 $ 4.80 Grade Y 3,000 $ 4.00 Grade Z 2,000 $ 2.00 Find out the purchase rate per unit of each grade of the material assuming all grades yield the same rate of profit.
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