A Swimming Pool Is Being Filled with Water

question 234

Multiple Choice

A swimming pool is being filled with water. The linear equation models the number of gallons w of water in the pool at time t (in minutes) . If the pool has a capacity of 19500 gallons how long will it take for the pool to fill to capacity? (Rounded to the nearest tenth)

• A) 3341.7 minutes
• B) 3158.3 minutes
• C) 3250.0 minutes
• D) 18950.0 minutes
• E) 91.7 minutes

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Definitions:

Conversion Costs

The sum of labor costs and overhead costs associated with transforming raw materials into finished goods.

FIFO Method

A cost flow assumption for inventory valuation where the first items acquired (First In) are the first sold or used (First Out), affecting the cost of goods sold and inventory on financial statements.

Process Costing

A costing method used in manufacturing where costs are assigned to products based on the processes or stages they go through.

Equivalent Units

A technique used in process costing that converts partially completed goods into a number of fully completed units.