A Theater Has a Seating Capacity of 450 and Charges

question 37

Multiple Choice

A theater has a seating capacity of 450 and charges $2 for children, $3 for students, and $5 for adults. At a certain screening with full attendance, there were half as many adults as children and students combined. The receipts totaled $1,550. How many children attended the show? ​

• A) 300 children
• B) 190 children
• C) 10 children
• D) 390 children
• E) 100 children

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Definitions:

Variable Manufacturing Overhead

Manufacturing overhead costs that fluctuate with the level of production activity.

Overhead Rate Variance

The difference between the actual overhead costs incurred and the standard overhead costs assigned to production.

Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (budgeted) cost of those materials.

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.