Solve the Problem. -The Family Fine Arts Center Charges $21 Per Adult and Per

question 34

Multiple Choice

Solve the problem.
-The Family Fine Arts Center charges $21 per adult and $10 per senior citizen for its performances. On a recent weekend evening when 486 people paid admission, the total receipts were $6389. How many who paid were
Senior citizens?

• A)139 senior citizens
• B)229 senior citizens
• C)257 senior citizens
• D)347 senior citizens

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Definitions:

Cost Standards

Benchmarks or predetermined costs relating to the production of goods or services, serving as a yardstick for measuring actual performance against expected costs.

Direct Material Quantity Variance

The difference between the actual quantity of direct material used and the expected quantity, multiplied by the standard cost per unit.

Actual Production

The real quantity of goods or services produced during a specific period, as opposed to planned or theoretical outputs.

Standard Costing

A management accounting method that uses standard costs for direct materials, labor, and overhead to control expenses and assess performance.