←Bridget Logue is getting ready to open a small restaurant. She is on a tight budget and must choose between thefollowing long-distance phone plans:(Click the icon to view the long-distance phone plans.)Read the requirements.Requirement 1. Match the graphs to the total monthly costs of the three plans for different levels ofmonthly long-distance calling.Before we match the graphs to the plans, complete the following table, calculating the total costs for each plan ateach of the different minute levels. (Round to the nearest cent.)PlanABC100 minutes 340 minutes 540 minutes e thisKBridget Logue is getting ready to open a small restaurant. She is on a tight budget and must choose betfollowing long-distance phone plans:Data tablePlan A: Pay $0.08 per minute of long-distance calling.Plan B:Pay a fixed monthly fee of $17 for up to 340 long-distance minutes and$0.05 per minute thereafter (if she uses fewer than 340 minutes inany month, she still pays $17 for the month).Plan C: Pay a fixed monthly fee of $24 for up to 520 long-distance minutes and$0.03 per minute thereafter (if she uses fewer than 520 minutes, she stillpays $24 for the month).PrintDone- Xent levels oftal costs for each plCheck answ

The fixed costs remain the same even if the company achieves different activity levels. The…

Answered: Bridget Logue is getting ready to open…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that you have decided to drive your car to Florida for the spring break. A classmate learns about your plans and asks about riding along with you. Required: Select how you would apply each of the following cost concepts to the task of determining how much, if any, cost you would take into consideration for the purposes of setting a price to be charged for taking the classmate with you. a. Differential cost b. Allocated cost c. Sunk cost d. Opportunity cost
Assume that you have decided to drive your car to Florida for the spring break. A classmate learns about your plans and asks about riding along with you. Required: Select how you would apply each of the following cost concepts to the task of determining how much, if any, cost you would take into consideration for the purposes of setting a price to be charged for taking the classmate with you. a. Differential cost b. Allocated cost c. Sunk cost d. Opportunity cost How to allocate? Based on number of people, weight, number of suitcases, or what? What are other opportunities for you to earn revenue? What is the cost of alternative travel for your classmate? What costs have already been incurred and cannot be recovered, even if you don't make the trip? What costs will differ if a friend comes along?
Rahul
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The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c. Click the icon to view the monthly data. a. Develop a simple linear regression model between billable hours and overhead costs. Overhead Costs = +xBillable Hours X Monthly Overhead Costs and Billable Hours Data (Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers.) Overhead Costs Billable Hours 0 $315,000 3,000 $365,000 4,000 $395,000 5,000 $447,000 6,000 $530,000 7,000 $550,000 8,000
Do not give answer in image and hand writing
For the following questions, refer to the below Table. Complete the table in Excel and select the correct answer to the series of questions. If Sherry produces zero earrings, her total fixed costs are: Number of Earrings TVC MC AVC TFC TC AFC ATC 100 1 50 2 95 3 46.67 4 300 5 270 O $50 O $100 O $0 O Indeterminate from this information
not asking for help with the site, trying to use excel solver to answer the questions
Vishnu
Lucido products markets two computer games: claimjumper and makeover. A contribution format income statement for a recent month for the two games appears in top of picture. prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Cathy, the manager of Cathy’s Catering, Inc., uses activity-based costing to compute the costs of her catered parties. Each party is limited to 20 guests and requires 5 people to serve and clean up. Cathy offers two types of parties—an afternoon picnic and an evening formal dinner. The breakdown of the costs follows. Activities (and cost drivers) Afternoon Picnic Formal Dinner Advertising (parties) $ 125 per party $ 125 per party Planning (parties) $ 50 per party $ 144 per party Renting equipment (parties, guests) $ 55 per party plus $13 per guest $ 77 per party plus $24 per guest Obtaining insurance (parties) $ 230 per party $ 375 per party Serving (parties, servers) $ 40 per server per party $ 66 per server per party Preparing food (guests) $ 22 per guest $ 35 per guest Per party costs do not vary with the number of guests. Required: a. Compute the cost of a 20-guest afternoon picnic. b. Compute the cost of a 20-guest evening formal dinner. c. How much…
Load the wooldridge package in your R script using the library function: library (wooldridge) Load the wage 2 dataset by writing (in your R script): data = wage 2 This dataset contains information on individuals' monthly wage (the wage variable), number of hours worked per week (the hours variable), IQ (the IQ variable), and other variables. Add a new variable to data (named hourly_wage) which is equal to monthly wage wage divided by 4 times the number of hours worked per week: hourly age = Assign the 4x hours dataframe data (after adding the new variable) to answer1. 2. What is the mean hourly wage? 3. What is the minimum number of years of education in the dataset? 4. What is the number of observations? 5. Estimate the following model: (i(i using the Im function. Assign your model to answer5. 6. What is the coefficient on educ in the model in the previous question? (Hint: Your answer should be a positive number.) W

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