Solve the Problem. -An Organization Determines That the Cost Per Person of Chartering

question 162

Multiple Choice

Solve the problem.
-An organization determines that the cost per person of chartering a bus is given by the formula where x is the number of people in the group and C(x) is in dollars. Find a formula for the inverse of the function described.

---

Definitions:

Volume-Based Measures

Metrics that quantify outcomes or activities based on the amount or volume of production, sales, or other business operations.

Activity Rate

A ratio used to allocate costs to products or services based on the activities that are required to produce them.

Cost Pool

A grouping of individual costs in accounting, typically by department or service center, from which costs are allocated to products or services based on a relevant allocation base.

Overhead Costs

Expenses associated with the day-to-day running of a business that are not directly linked to the production or selling of goods and services.