Figure 3-4

question 143

Multiple Choice

Figure 3-4. Botana Company constructed the following formula for monthly utility cost.
Total utility cost = $1,200 + ($8.10 ´ labor hours)
Assume that 775 labor hours are budgeted for the month of April.
Refer to Figure 3-4.If Botana Company incurs 9,600 labor hours for the year,what would be the estimate of total utility cost?

• A)$76,560
• B)$78,960
• C)$92,160
• D)none of these are correct

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Definitions:

Blue Uniforms

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Anchoring with Adjustment Heuristic

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Temporizing Heuristic

A cognitive strategy involving delaying decision making until more evidence or information is available.

Successful Events

Occurrences or activities that achieve their intended goals or are considered positive by the majority of participants.