Each Year Advertisers Spend Billions of Dollars Purchasing Commercial Time

question 29

Multiple Choice

Each year advertisers spend billions of dollars purchasing commercial time on network sports television. In thefirst 6 months of 1988, advertisers spent $1.1 billion. A recent article listed the top 10 leading spenders (inmillions of dollars) : $$\begin{array} { l r l r } \text { Company A } & \$ 70.3 & \text { Company F } & \$ 26.4 \\\text { Company B } & 60.5 & \text { Company G } & 24.6 \\\text { Company C } & 57.9 & \text { Company H } & 21.1 \\\text { Company D } & 54.7 & \text { Company I } & 22.4 \\\text { Company E } & 29.3 & \text { Company J } & 20.9\end{array}$$ Calculate the mean amount spent.

• A) 38.81 million dollars
• B) 19.52 million dollars
• C) 381.01 million dollars
• D) 49.40 million dollars

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Definitions:

Direct Labor-Hours

Full count of working hours by employees in direct connection with the production process.

Job Cost Sheet

A document that records the materials, labor, and manufacturing overhead costs assigned to each individual job.

Machine-Hours

A unit of measure reflecting the amount of time a machine is operated, used in cost accounting and operational management to allocate machine costs to products.

Direct Labor-Hours

The total hours of work directly contributing to the production of goods or services.