Set Up an Equation That Can Be Used to Solve

question 3

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-Two friends decide to meet in Chicago to attend a Cubs baseball game. Rob travels 240 miles in the same time that Carl travels 224 miles. Rob's trip uses more interstate highways and he can average 4 mph more than Carl.
What is Rob's average speed?

• A) 56 mph
• B) 58 mph
• C) 60 mph
• D) 62 mph

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Definitions:

Actual Direct Labour Hours

The real number of labor hours worked by employees directly involved in the production process, typically recorded after the work has been completed.

Standard Cost System

A cost accounting system that uses cost standards for materials, labor, and overhead to control actual costs and analyze variances.

Favourable Variance

A financial term referring to a situation where actual costs are less than budgeted costs, or actual revenues exceed budgeted revenues.

Variable Overhead Efficiency Variance

A measure of the difference between the expected variable overhead based on standard costs and the actual variable overhead incurred.