A consumer expenditure survey reports the following information on entertainment spending: 2008 2009 Price Quantity Price Quantity Movies $7 5 $8 7 Concerts $30 2 $35 2 CDs $16 7 $15 10 Using 2008 as the base year, by how much does a "cost of entertainment" index increase between 2008 and 2009?

a. 3.9 percent
b. 8.6 percent
c. 13.4 percent
d. 29.4 percent

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

The following are budgeted data: january february march sales in units 16,200 22,400 19,200 production in units 19,200 20,200 18,700 one pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Opportunity cost is calculated by which of the following? a. adding the value of all lost opportunities. b. subtracting all costs from the total benefit. c. calculating the cost of time, energy, and sacrifice. d. finding the value of the best option that is not chosen.