Solve the Problem $x$ As the Variable in Both Cases, Write Absolute Value Inequalities

question 449

Multiple Choice

Solve the problem.
-A real estate development consists of home sites that range in width from 53 to 119 feet and in depth from 140 to 194 feet. Using $x$ as the variable in both cases, write absolute value inequalities that correspond to these ranges.

• A) \(| x - 86 | \leq 33 , | x - 167 | \leq 27\)
• B) \(| x - 33 | \leq 86 , | x - 27 | \leq 167\)
• C) \(| B - 66 | \leq 53 , | x - 54 | \leq 140\)
• D) \(| B - 53 | \leq 66 , | x - 140 | \leq 54\)

Calculate total direct labor cost variances and identify variances as favorable or unfavorable.

Understand the difference between actual and standard overhead costs.

Differentiate between flexible and fixed budgets and their related variances.

Understand and calculate direct labor and direct materials variances including rate, efficiency, and price.

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Definitions:

Existing Capacity

The current maximum level of output that a company can achieve with its available resources, such as facilities, equipment, and workforce.

Variable Selling Expense

Costs incurred from selling a product that vary directly with the number of units sold, such as commissions and shipping costs.

Specialized Machine

Equipment designed for a specific manufacturing process or product, often custom-made and representing a significant fixed cost.

Contribution Margin

The amount of revenue remaining after deducting the variable costs, indicating the contribution towards the fixed costs and profits.