$1.40 is the mean price of the 16 oz. bags of potato chips.
Why do you use the word costing?
Any method for allocating expenses to a company component is known as budgeting. Price is frequently used to establish expenses for customers, channels of distribution, personnel, regions, goods, product offerings, processes, subsidiaries, and whole businesses.
What does business cost?
Costing is the process a businessman uses to figure out the cost of producing and selling any individual product (item or services).
Briefing:
The mean is the average:
(1.25 + 1.49 + 1.50 + 1.39 + 1.35)/5 = 1.396
The closes option is $1.40
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