[Item]
Frozen Yogurt
[No. Of Units]
2 L
[AP Cost]
$2.89
[Unit Cost]
0.072 per 50 ML
I need to find the unit cost.
The answer book says 0.072… how did it get that answer?
For reference the formula is:
Unit Cost = As Purchased Cost / Number of Units
I've tried the below: There is 0.05 L in 50 mL
0.05 L x 50 mL = 2.5 ( rounded ) = 3
Total cost = 2.89 / 2L = 1.445 (1.450)
50 mL = 50 mL / 2
2.89 / 50 = 0.0578 =
Start with your formula.
Unit Cost = As Purchased Cost / Number of Units
Apply the values that were given.
Unit Cost = $2.89/2 L = 2.89/2 $/L = 1.445 $/L
That answer is accurate, but the answer in the book is per 50 ML, not per 50 ML
You can convert the answer by multiplying it by 1, written in a convenient way, tp get rid of the L units on the bottom and replace it with a 50 ML units on the bottom. Note that (1 L/ 20*50 ML) = 1.
You also use the units as part of the math now.
Unit Cost = $2.89/2 L * (1 L/20*50 ML) = (289*1)/(2*20) $/ 50 MLL Unit Cost = 0.07225 $/ 50 ML