New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter A - Medical Facilities-minimum Standards
Article 9 - Residential Health Care Facility Uniform Reporting
Part 451 - Definitions
Section 451.262 - Weighted average
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 451.262
Current through Register Vol. 46, No. 39, September 25, 2024
A simple average of items reduced to a common basis. For example, purchases of certain raw material are made during a given month as follows:
|
Units |
Price each |
Total cost |
|
150 |
$1.50 |
$225.00 |
|
175 |
1.40 |
245.00 |
|
50 |
1.32 |
66.00 |
|
65 |
1.30 |
84.50 |
|
440 |
$5.52 |
$620.50 |
The simple average of prices paid is $5.52 / 4, or $1.38; but the weighted average would be the total cost divided by the number of units purchased: $620.50 / 440, or $1.41.
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