Figure 3-4

question 88

Multiple Choice

Figure 3-4.Botana Company constructed the following formula for monthly utility cost.Total utility cost = $1,200 + ($8.10 * labor hours)
Assume that 775 labor hours are budgeted for the month of April.
-Refer to Figure 3-4. If Botana Company incurs 9,600 labor hours for the year, what would be the estimate of total utility cost?

• A) $76,560
• B) $78,960
• C) $92,160
• D) none of these are correct

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Definitions:

Self-Serving Bias

A cognitive bias that leads individuals to attribute their successes to internal factors while blaming external factors for their failures.

Personal Failures

Instances where an individual fails to meet their own standards or expectations, impacting their perception of self-worth or ability to succeed.

External Causes

Factors outside an individual's or organization's control that can affect outcomes or performance.

Internal Causes

Factors within an individual or organization that influence behavior, decisions, or outcomes, often related to personal abilities, emotions, or characteristics.