Write an Equation for the Linear Function and Use It $p = - 62 + 2 n ; 31$

question 82

Multiple Choice

Write an equation for the linear function and use it to answer the given question.
-The Math Club plans to pay a visitor $62 to speak at a fundraiser. Tickets will be sold for $2 each. Find an equation that gives the profit/loss for the event as it varies with the number of tickets sold.
How many people must attend the event for the club to break even.

• A) \(p = - 62 + 2 n ; 31\) people
• B) \(\mathrm { p } = 62 + 2 \mathrm { n } ; 31\) people
• C) \(p = - 62 + 2 n ; 62\) people
• D) \(p = 62 - 2 n ; 62\) people

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Definitions:

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or job orders based on a certain activity base, such as direct labor hours.

Manufacturing Departments

Specific sections or divisions within a manufacturing facility, each dedicated to a particular stage or function in the production process.

Machine-Hours

A measure of production activity that indicates the total number of hours machines were in operation during a given period.

Job-Order Costing System

An accounting method used to assign costs directly to specific jobs or orders, tracking the expenses related to each job separately.