Solve the Equation for Y $$C = 400 x + 60,000$$

question 85

Multiple Choice

Solve the equation for y.
-The mathematical model $$C = 400 x + 60,000$$ represents the cost in dollars a company has in manufacturing x items during a month. How many items were produced if costs reached $380,000?

• A) 650 items
• B) 1100 items
• C) 800 items
• D) 379,600 items

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Definitions:

Overapplied Overhead

A situation where the allocated or applied manufacturing overhead cost is more than the actual manufacturing overhead cost incurred.

Underapplied Manufacturing Overhead

A situation where the actual manufacturing overhead costs exceed the overhead allocated to products.

Overapplied Manufacturing Overhead

A situation where the allocated manufacturing overhead costs exceed the actual overhead costs incurred by a company.

Cost of Goods Sold

The total expenses directly associated with producing goods that were sold, including materials, labor, and overhead, integral for determining a company’s gross profit.