The traditional fundraising event for the student section of APICS is pint mason jars filled with a
Question:
The traditional fundraising event for the student section of APICS is pint mason jars filled with a tangy barbecue sauce the club sponsor has prepared in their kitchen. The sponsor is independently wealthy, so he donates his time and materials to fundraising efforts. Club staff set up a game table in the courtyard of the business building and rotated it during the four-month barbecue season. Eighteen sad experiences revealed that demand varies according to the month of the season.
Customer demand can be defined as 400-p1, second month 400-1.4p2, third month 400-1.8p3, fourth month 400-2.2p4. After a busy summer collecting specimens, the club sponsor only has 400 spare mason jars this year.
What should the price be in period 1?
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay