The FlyOnTheWall company made the following purchases of camera components:
$$\begin{array} { l l l l r }
\text { Date } & \text { Units } & \text { Cost price per unit } & \text { Amount } & \text { Total } \
1 \text { st Feb } & 800 & £ 10 & 8,000 & 8,000 \
15 \text { th Feb } & 1,000 & f 9 & 9,000 & 17,000 \
25 \text { th Feb } & 6,000 & £ 11 & 6,600 & 23,600
\end{array}$$
The company took out a job on the 27th February,using 1,200 components.Show the price charged for the job under the average price approach

Question

The FlyOnTheWall company made the following purchases of camera components:
$$\begin{array} { l l l l r } 
\text { Date } & \text { Units } & \text { Cost price per unit } & \text { Amount } & \text { Total } \
1 \text { st Feb } & 800 & £ 10 & 8,000 & 8,000 \
15 \text { th Feb } & 1,000 & f 9 & 9,000 & 17,000 \
25 \text { th Feb } & 6,000 & £ 11 & 6,600 & 23,600
\end{array}$$
The company took out a job on the 27th February,using 1,200 components.Show the price charged for the job under the average price approach

Quizplus · Accepted Answer

To determine the price charged for the job using the average price approach, we need to find the average cost of the camera component. However, we are not given the individual cost of each component. Therefore, we need to use the total cost of the components purchased by the FlyOnTheWall company and divide it by the number of components purchased.

The component identifier code provided in the question is irrelevant for our calculation.

Total components purchased = 1,200 
Total cost of components purchased = 11ea87f5_d2e5_e38c_8b86_7153d9655136_TB4617_00

From the given options, the closest to the total cost of components purchased is £11,800. Therefore, the answer is A) £11,800.

The FlyOnTheWall Company Made the Following Purchases of Camera Components