Write a Profit Formula for This Mixture Problem: Kim and Lynn

question 17

Multiple Choice

Write a profit formula for this mixture problem: Kim and Lynn produce pottery vases (x) and bowls (y) . A vase requires 35 oz of clay and 5 oz of glaze. A bowl requires 20 oz of clay and 10 oz of glaze. There are 500 oz of clay available and 200 oz of glaze available. The profit on one vase is $5 and the profit on one bowl is $4.

• A) P = 500x + 200y
• B) P = 35x + 20y
• C) P = 5x + 4y
• D) P = 5x + 10y

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Definitions:

Break-Even Point

The financial level at which total revenues equal total expenses, resulting in no net profit or loss.

High-Low Method

A technique used in accounting and finance to estimate fixed and variable costs based on the highest and lowest levels of activity.

Factory Machine Hours

A measure of production time, indicating the total hours that machinery is operated in the manufacturing process.

Power Costs

The expenses incurred by a company for the electricity or energy used in its operations.