Question
A certain manufacturing company has the following data on quantities shipped and unit costs for each...
A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.
| Products | Base-Period Quantities (Year 1) |
Mean Shipping
Cost per Unit ($) |
|
|---|---|---|---|
| Year 1 | Year 5 | ||
| A | 2,500 | 10.50 | 15.90 |
| B | 5,000 | 16.25 | 31.00 |
| C | 6,000 | 12.20 | 18.40 |
| D | 2,500 | 20.00 | 35.50 |
Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 8,000, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)
I5 =
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