What is the cost per letter for the correspondence activity? (Round your answer to the nearest cent.)
A) $11.00
B) $34.00
C) $4.40
D) $0.56
A) $11.00
Explanation: Cost of correspondence:
Total cost of correspondence: $11,000
Quantity of allocation base (letters) 1000
Cost of correspondence per letter ($11,000 / 1000) $11.00
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