Solve
-University Theater Sold 513 Tickets for a Play $\$ 24$

question 69

Multiple Choice

Solve.
-University Theater sold 513 tickets for a play. Tickets cost $\$ 24$ per adult and $\$ 14$ per senior citizen. If total receipts were $\$ 8482$ , how many senior citizen tickets were sold?

• A) 293 senior citizen tickets
• B) 383 senior citizen tickets
• C) 220 senior citizen tickets
• D) 130 senior citizen tickets

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Definitions:

Direct Labor

The wages or salaries paid to workers who are directly involved in the production of goods or services.

Indirect Materials

Materials used in the production process but not directly traceable to a specific product.

Work In Process

An inventory category that refers to partially completed goods that are still in production.

FIFO Method

"First In, First Out" method, an inventory costing technique that assumes the first items added to inventory are the first ones sold.