Estimate an Answer to the Problem

question 13

Multiple Choice

Estimate an answer to the problem.
-An advertisement states that television sets are on sale at B&G Electronics. The sale prices are: 13-inch set, $147.99; 19-inch set, $208.95; 21-inch set, $231.99; 27-inch set, $289.97; 50-inch set, $519.97. Estimate to the nearest ten how much more a 50-inch set costs than a 21-inch set.

• A)$300
• B)$270
• C)$290
• D)$280

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Definitions:

Direct Labour Costs

Costs that are directly attributed to the production of goods or services, including wages and salaries of workers who physically produce the items.

Manufacturing Overhead Costs

Expenses related to the production process that are not directly tied to a specific product, including rent, utilities, and salaries of management.

Work in Process

Goods that are in various stages of the production process but are not yet complete.

Expected Cost

The predicted expense associated with producing a good or executing a plan.