Refer to the Information Provided in Table 22 -Refer to Table 22

question 2

Multiple Choice

Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
$$\begin{array} { | c | c | } \hline \text { Aggregate } \\\text { Income } ( Y ) & \begin{array} { c } \text { Aggregate } \\\text { Consumption } ( C ) \end{array} \\\hline 6 & 12 \\\hline 12 & 15 \\\hline 24 & 22 \\\hline 42 & 30 \\\hline\end{array}$$
-Refer to Table 22.5. Which of the following consumption functions best fits the values in the table?

• A) C = 8 + 0.5Y
• B) C = 3 + 0.75Y
• C) C = 4 + 0.9Y
• D) C = 5 + 0.8Y

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Definitions:

Materials Requisitions

A document used to request or withdraw materials from inventory for production or other internal uses.

Storeroom

A room or space used for storing inventory, materials, or equipment.

Factory

A structure or set of structures where products are primarily constructed or compiled through the use of machines.

Job Order Cost System

An accounting system that accumulates manufacturing costs separately for each job or order to determine job-specific expenses and profitability.