A Custom-Illustrated Sign or Banner Can Be Commissioned for a Cost

question 64

Multiple Choice

A custom-illustrated sign or banner can be commissioned for a cost of $21.00 for the material and $11.90 per square foot for artwork. The equation that represents this cost is given by y = 11.90x + 21.00, where y is the cost and x is the number of square feet in the sign. When this equation is graphed for , the ordered pair (13, 175.70) is discovered to lie on the graph. Write a sentence that describes the meaning of the ordered pair (13, 175.70) .

• A) It costs $175.70 for each additional square foot of sign area.
• B) It costs $13 for a custom sign 175.70 ft² in area.
• C) It costs $13 for material and $175.70 for artwork.
• D) It costs $175.70 for a custom sign 13 ft² in area.
• E) It costs $13 for each additional square foot of sign area.

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Definitions:

Specific Identification

An inventory costing method where each item of inventory is individually valued and tracked.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company.

Average Cost Formula

A method used in accounting to calculate the cost of goods sold and ending inventory by averaging the cost of goods available for sale.

Perpetual Inventory System

An inventory management system that continuously updates the quantity and value of inventory on hand after each transaction.