Bridget Logue is getting ready to open a small restaurant. She is on a tight budget and must choose between the following 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 of monthly long-distance calling. Before we match the graphs to the plans, complete the following table, calculating the total costs for each plan at each of the different minute levels. (Round to the nearest cent.) Plan A B C 100 minutes 340 minutes 540 minutes

Bridget Logue is getting ready to open a small restaurant. She is on a tight budget and must choose between the following 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 of monthly long-distance calling. Before we match the graphs to the plans, complete the following table, calculating the total costs for each plan at each of the different minute levels. (Round to the nearest cent.) Plan A B C 100 minutes 340 minutes 540 minutes

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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Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients $ 4.90 Kitchen staff $ 6,010 Utilities $ 660 $ 0.80 Delivery person $ 2.60 Delivery vehicle $ 680 $ 2.00 Equipment depreciation $ 440 Rent $ 1,970 Miscellaneous $ 780 $ 0.10 In November, the pizzeria budgeted for 1,710 pizzas at an average selling price of $20 per pizza and for 190 deliveries. Data concerning the pizzeria’s actual results in November were as follows: Actual Results Pizzas 1,810 Deliveries 170 Revenue $ 36,800 Pizza ingredients $ 8,110 Kitchen staff $ 5,950 Utilities $ 910 Delivery person $…
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You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You have received your first 4 orders. Use the following schedule to determine how much of each raw material you need to use for each dozen cupcakes. It takes you 60 minutes to mix, bake, cool, and ice two dozen cupcakes and you pay yourself $15 per hour. You can only cook two dozen cupcakes at one time. You have also determined that your overhead per dozen is $2.75. You charge $17.00 for each dozen. Selling Price per Material Unit size Pounds per dozen Cost per pound $17 Dozen Cupcakes Flour pound pound 0.5 2.50 Butter 0.25 1.00 Sugar pound 0.5 2.00 Eggs dozen 0.17 2.00 gallon gallon pound pound Milk 0.1 0.1 3.00 Vanilla 0.25 6.00 Cocoa Powder 0.25 4.00 Vanilla Icing Chocolate Icing 0.75 1.50 pound 0.75 1.50 Bakery box each 1 0.50 Job #1 Job #2 Job #3 Job #4 Four dozen chocolate cupcakes with chocolate icing One dozen vanilla cupcakes with chocolate icing Three dozen chocolate cupcakes with…
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The Gourmand Cooking School runs short cooking courses at its small campus. Management has Identified two cost drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 50 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Courses Students Revenue For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student. Expenses: The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September were as follows: Instructor…
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Joseph is working on the budget for his summer window-washing business, trying to figure out what his total costs are going to be for the season. He has monthly data from last summer, so he decided to start with that. Using the observations below, use the high-low method to estimate a total monthly cost function for Joseph's business. Month 1 2 3 Number of Labor Hours Spent Y = $ 60 105 85 (Round answers to 2 decimal places, e.g. 15.25.) X + $ Total Cost $196 $322 $250