←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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The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B $45,730.58 $60,103.80 326,647.00 200,346.00 Ca, Machines B and C have the same preferred average rate of return b. Machine C C. Machine 11 d. Machine A Estimated average income Average investment Machine C $74,639.55 497,597.00
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
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Use the following information to complete Short Exercises S20-10 through S20-13. Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickers at $70 per- person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month Applying sensitivity analysis of Changing fixed costs Refer to the original information (ignoring the changes considered in Short Exercise S20-20) Suppose Funday Park increases fixed costs from $170,800 per month to $231,000 per month. Compute the new breakeven point in tickets and in sales dollars.
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
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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
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