The office manager of a corporation purchased cases of copy paper from 4 diffece

Question

The office manager of a corporation purchased cases of copy paper from 4 diffecent suppliers over the past year. The accousing office has asked the office manager to calculate and report the approximate mean cost per case of paper across all 4 suppliers Using the data in the table below assst the offce rianaget in detemining the weighted mean cost per case. Repert your tinal answer to 2 decimal places using conventional rounding rules Supplier Cost Per Case Number of Cades Purchased Staples 25 50 Oce Depot$28 00 24 60 $23.76 200 150 128 600 e Max Sam's Club Weighted mean cost per case

Explanation / Answer

Weighted mean cost per case = summation (cost per case*number of cases purchased)/Total no. of cases purchased

= (25.50*200 + 28*350 + 24.60*328 + 23.75*600)/ (200 + 350 + 328 + 600) = (5100 + 9800 + 8068.8 + 14250)/ 1478

= 32718.8/1478 = 25.18

Thus, weighted mean cost per case = $25.18

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