Use the net weight listed on the can to calculate the price per ounce of product.
Net Weight = The exact amount of a product without the outer disposable packaging. This amount is listed on the product label. Price per ounce of product = Price per can ÷ Net weight listed on can
EXAMPLE
The manager is evaluating which brand of canned peaches is the better value.
• Product 1: Cost per can = $6.19 and Net weight (ounces) on the label = 58 ounces per can • $6 .19 ÷ 58 oz = 0.107 per ounce
• Product 2: Cost per can = $6 .29 and Net weight (ounces) on the label = 66 ounces per can • $6.29 ÷ 66 oz = 0.095 per ounce
Product 2 is less expensive per ounce. If the quality is the same, product 2 is the better value.
590 21-22
Added to second paragraph:
Added to online Supplemental Materal
Refer to the QR code on page 52 for a resource on Common Product Yields.
Table 7.3: Coaching Plan Table 7.4: Performance Improvement Action Plan