The Formula for the Cost C of Renting a Banquet $\frac{1}{2}$

question 217

Multiple Choice

The formula for the cost C of renting a banquet room is given by C = 150 x + 300 where x is the number of hours the room is rented. Find the cost of renting the room for 4 $\frac{1}{2}$ hours.

• A) $975.00
• B) $9750.00
• C) $5335.00
• D) none of these

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Definitions:

Production Cost Report

A detailed report that provides information about the total cost and output of a production department or process for a given period.

Business Organization

A structured entity formed for the purpose of conducting commercial, industrial, or professional activities.

Just-In-Time Management

A management strategy that aligns raw-material orders from suppliers directly with production schedules, minimizing inventory levels and waste.

Production Cost Report

A document detailing the total cost, including materials, labor, and overhead, associated with producing a batch of goods.