Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield $34.99 501 Los Angeles $38.99 1,425 Modesto $36.00 294 Oakland $33.59 882 Sacramento $40.99 715 San Diego $38.59 1,088 San Francisco $39.59 1,644 San Jose $37.99 819 Compute the average sales price per case for this product during the last quarter. Round your answer to two decimal places.
Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield $34.99 501 Los Angeles $38.99 1,425 Modesto $36.00 294 Oakland $33.59 882 Sacramento $40.99 715 San Diego $38.59 1,088 San Francisco $39.59 1,644 San Jose $37.99 819 Compute the average sales price per case for this product during the last quarter. Round your answer to two decimal places.
Cornerstones of Cost Management (Cornerstones Series)
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Author:Don R. Hansen, Maryanne M. Mowen
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Chapter11: Strategic Cost Management
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Problem 21E: This year, Hassell Company will ship 4,000,000 pounds of chocolates to customers with total...
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Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city.
| City | Price ($) | Sales (cases) | |
| Bakersfield | $34.99 | 501 | |
| Los Angeles | $38.99 | 1,425 | |
| Modesto | $36.00 | 294 | |
| Oakland | $33.59 | 882 | |
| Sacramento | $40.99 | 715 | |
| San Diego | $38.59 | 1,088 | |
| San Francisco | $39.59 | 1,644 | |
| San Jose | $37.99 | 819 |
Compute the average sales price per case for this product during the last quarter. Round your answer to two decimal places.
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Average sales price per case = Total Sales $/ Total Cases Sold
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