The Cost of a Movie Ticket at a Local Theater

question 186

Multiple Choice

The cost of a movie ticket at a local theater is $6.50 per child under 12 years old and $11.75 per adult. On a given day 3000 people purchased a movie ticket and the ticket costs collected totaled $26000. How many children and how many adults purchased a movie ticket that day? (Rounded to the nearest whole number.)

• A) 507 children and 2493 adults
• B) 1762 children and 1238 adults
• C) 1500 children and 1500 adults
• D) 5667 children and 8667 adults
• E) 1951 children and 4951 adults

Explore the challenges of implementing activity-based costing in service businesses.

Understand the fundamental concepts of activity-based costing (ABC) and how it differs from traditional costing systems.

Identify and categorize different types of costs and activities in ABC.

Calculate product costs using an activity-based costing system.

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Definitions:

Benefit Selling

A sales approach that focuses on communicating the benefits and value of a product or service to the customer, rather than just its features.

Customer Retention

Strategies and activities a business employs to keep its customers engaged and reduce customer turnovers.

Cognitive Dissonance

A psychological phenomenon that occurs when a person holds contradictory beliefs, ideas, or values, leading to psychological stress or discomfort.

Selective Exposure

The process of allowing only a portion of the information revealed to be organized, interpreted, and permitted into awareness.