The monthly cost (in dollars) of a data plan for Mercury Communications is a linear function of the total data usage (in gigabytes). The monthly cost for 25 gigabytes of data is $45.50 and the monthly cost for 40 gigabytes is $58.00. What is the monthly cost for 28 gigabytes of data?

The monthly cost (in dollars) of a data plan for Mercury Communications is a linear function of the total data usage (in gigabytes). The monthly cost for 25 gigabytes of data is $45.50 and the monthly cost for 40 gigabytes is $58.00. What is the monthly cost for 28 gigabytes of data?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 67P: Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on...

See similar textbooks

Related questions

Q: Need your help

A: To calculate the operating cash flow (OCF), we can use the following formula: OCF = Net Income…

Q: What is the original cost of the machinery?

A: Explanation of Original Cost of Machinery:The original cost of machinery refers to the total amount…

Q: Financial account questions

A: Gross Profit is the difference between sales revenue and the cost of goods sold (COGS), representing…

Q: Give me answer

A: Explanation of Current Liabilities:Current liabilities are short-term financial obligations that a…

Q: Need answer of this financial accounting

A: Step 1: Define Return on EquityReturn on Equity or ROE reveals earnings of an entity concerning…

Q: financial account subjects questions

A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis is a…

Q: Hello tutor please given correct answer general accounting question

A: Step 1: Define Absorption CostingAbsorption costing is a costing method that includes all…

Q: Financial Accounting Question please solve

A: Step 1: Recall the DSO formula.= (average accounts receivable / net sales revenue) x 365 days Step…

Q: Company Y reported FIFO ending inventory of $126,500 and a beginning inventory of $119,200 for 2021.…

A: Explanation of FIFO (First-In, First-Out): FIFO is an inventory valuation method that assumes the…

Q: What is the debt to equity ratio on these financial accounting question?

A: Step 1: Formula Debt to equity ratio = Total liabilities/Total equity Step 2: Balances Total equity…

Q: Suppose the following two independent investment opportunities are available to Fitz, Inc. The…

A: Profitability Index (PI) CalculationThe Profitability Index (PI) is a capital budgeting tool used to…

Q: help me this question solution

A: 1.Profit Margin for the ChildThe child earns $3 for purchasing $100 worth of groceries.The child's…

Q: please solve this question

A: Step 1: Definition of Cash Collected from CustomersCash collected from customers refers to the total…

Q: Don't use ai to answer I will report you answer

A: Approach To Solving the Questions:First, the company has $810,000 in operating assets. Fixed…

Q: What was the cost of goods sold of the year??

A: Step 1: Identify Total Manufacturing CostsStep 2: Calculate Total Manufacturing CostStep 3:…

Q: What was her capital gains yield? General accounting question

A: CONCEPTS:1. Capital Gains Yield - This measures the return earned from the increase in a stock's…

Q: What will be the cost of the newly issued common shares on these financial accounting question?

A: To calculate the cost of the newly issued common shares, we can use the Dividend Discount Model…

Q: Please answer the general accounting question not use ai please don't

A: Step 1: Define Applied Manufacturing OverheadApplied manufacturing overhead is calculated using a…

Q: General accounting

A: To determine the estimated variable order filling cost per order using the high-low method, follow…

Q: Jackson corporation reported a pretax book income of 520000?

A: Explanation of Book Equivalent of Taxable Income: Book equivalent of taxable income represents the…

Q: Abc

A: Step 1: Define Overhead AllocationThe firms that prefer standard costing numbers incorporated in…

Q: ?? Financial accounting question

A: Step 1: Define Break-Even Analysis & Profit IncreaseThe Break-Even Point (BEP) is the number of…

Q: I want answer

A: To calculate the Cost of Goods Sold (COGS) under the accrual basis of accounting for CFT…

Q: What are the variable expense per unit?

A: To find the variable expenses per unit, we use the contribution margin (CM) ratio. Given:Selling…

Q: General accounting question answer

A: Step 1: Definition of High-Low MethodThe High-Low Method is a technique used in cost accounting to…

Q: Tutor need your advice

A: . Calculate Total Cost:Total Cost = Traceable Costs / Units SoldTotal Cost = $1,200,000 / 600…

Q: Accounting question is solve

A: To calculate Emmitt Company's liabilities, you can use the basic accounting equation: Assets =…

Q: Tutor need step by step answer

A: To calculate Summit Enterprises' taxable income, we need to adjust the pre-tax accounting income by…

Q: Customer during the year?

A: The question requires the determination of the cash received from customers. Cash collected from…

Q: abc general accounting

A: Step 1: Definition of Non-Interest Bearing NoteA non-interest-bearing note is a financial instrument…

Q: Hi expert please help me

A: Step 1: Definition of Variable CostVariable cost refers to the part of the total cost of an entity…

Q: Hello expert give me solution this question

A: The question requires the determination of the growth rate and the stock's expected return. A…

Q: Liabilities for the period?General accounting

A: Step 1: Define LiabilityLiability is the total amount a company owes to others. The liabilities of a…

Q: What is the book equipment of taxable income?

A: Explanation of Pretax Book Income:Pretax book income is the company's total earnings before…

Q: Provide answer

A: Calculation of Equivalent Units for Direct MaterialsEquivalent Units for Direct Materials = Units…

Q: How much was jacksons net sales?

A: Step 1: Calculation of Sales after returnsMerchandise sold = $950,000Returns = $120,000Sales after…

Q: Titan Industries purchased a machine for $40,000 with a residual value of $6,000 and an estimated…

A: Explanation of Residual Value: Residual value, also known as salvage value, is the estimated worth…

Q: Hello tutor please provide answer general Accounting question

A: Step 1: Selling price per unit.= total dollar sales / units sold= $1,300,000 / 130,000= $10 Step 2:…

Q: Based on the information purchases for March will be?

A: Explanation of Cost of Sales: Cost of sales, also known as cost of goods sold (COGS), represents the…

Q: Provide correct answer this general accounting question

A: Step 1: Define Standard Overhead Rate per UnitThe standard overhead rate per unit is the…

Q: provide ans

A: To calculate the interest expense on July 1, use the bond interest formula: Interest Expense = Face…

Q: General Accounting

A: Step 1: Define Accrued InterestAccrued Interest is the interest that has accumulated on a bond but…

Q: Want solution to this financial accounting question

A: Explanation of Target Price:Target price is the selling price of a product that ensures a desired…

Q: Need help with this financial accounting question not use ai

A: Step 1: Define Debt-Equity RatioThe debt-equity ratio is a financial metric that measures the…

Q: Financial Accounting

A: 1. Understand the ConceptCost of Equity: This represents the return that investors require to invest…

Q: What is the return on equity?

A: We will calculate the Return on Equity (ROE) using the formula: ROE = Net Income / Common Equity 1.…

Q: Yellow Co foresees the possibility of being unsuccessful in a lawsuit that may result in incurring a…

A: In accounting, accrual refers to the recognition of an expense or liability that has been incurred…

Q: Expected manufacturing overhead:1200000, expected machine hours:25000

A: Explanation of Predetermined Overhead Rate: A predetermined overhead rate is a calculated rate used…

Q: Financial Accounting

A: Step 1: Define Long-Term Debt to Total Assets RatioThe long-term debt to total assets ratio is a…

Q: Give this question general accounting

A: Step 1: Definition of Investing ActivitiesInvesting activities include cash transactions related to…

Question

Monthly cost data?

The monthly cost (in dollars) of a data plan
for Mercury Communications is a linear
function of the total data usage (in
gigabytes). The monthly cost for 25
gigabytes of data is $45.50 and the
monthly cost for 40 gigabytes is $58.00.
What is the monthly cost for 28 gigabytes
of data?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Show me solution
Answer this cost accounting question
Schurz Corporation's management reports that its average delivery cycle time is 29 days, its average throughput time is 13.0 days, its manufacturing cycle efficiency (MCE) is 0.20, its average move time is 0.6 day, and its average queue time is 3.0 days. Required: a. What is the wait time? (Round your answer to 1 decimal place.) b. What is the process time? (Round your answer to 1 decimal place.) c. What is the inspection time? (Round your intermediate calculations and final answer to 1 decimal place.) a b C Wait time Process time Inspection time days days days
Build a spreadsheet model to calculate the profit/loss for a given demand. What profitcan be anticipated with a demand of 3500 copies?
Tom uses his computer to calculate the following regression formula:Weekly total costs = $18,791 + ($19.97 * Number of orders per week) Draw the regression line on your graph. Use your graph to evaluate the regression line using the criteria of economic plausibility, goodness of fit, and significance of the independent variable. Is the cost function estimated using the high-low method a close approximation of the cost function estimated using the regression method? Explain briefly.
46. Lorenzo corporation has provided the following data for one of its products. Process time = 3 days Queue time 4 days, Inspection time 0.7 days Move time 0.3 days Wait time 9 days The throughput time for this operation would be closest to Use the following information to answer 47 -50. Thomas Ito Manufacturing Corporation has the following information. Moving time 8 days, Inspection time 2 days, Processing time 10 days, storage time 30 days 47. The total amount of value added time would be: 48. The total amount of non-value added time would be 49. The product's cycle time would 50. The manufacturing cycle efficiency would be
SOLVE STEP BY STEP IN DIGITAL FORMAT Instructions. Solve the following problems using the Simple Interest formula.Simple interest.Formula to calculate Simple InterestI = Cni1. Calculate the Commercial Simple Interest of 2,700 for 5 months at 8%.2. Calculate the Commercial Simple Interest of 7,500 for 63 days at 9%.
Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on receiving orders and receiving cost. Now suppose that Tracy has gathered 2 more months of data: Note: For the following requirements, round the intercept terms to the nearest dollar, round the variable rates to the nearest cent, and R2 to two decimal places. Required: 1. Run two regressions using a computer spreadsheet program such as Excel. First, use the method of least squares on the first 10 months of data. Then, use the method of least squares on all 12 months of data. Write down the results for the intercept, slope, and R2 for each regression. Compare the results. 2. CONCEPTUAL CONNECTION Prepare a scattergraph using all 12 months of data. Do any points appear to be outliers? Suppose Tracy has learned that the factory suffered severe storm damage during Month 11 that required extensive repairs to the receiving areaincluding major repairs on a forklift. These expenses, included in Month 11 receiving costs, are not expected to recur. What step might Tracy, using her judgment, take to amend the results from the method of least squares? 3. CONCEPTUAL CONNECTION Rerun the method of least squares, using all the data except for Month 11. (You should now have 11 months of data.) Prepare a cost formula for receiving based on these results, and calculate the predicted receiving cost for a month with 1,450 receiving orders. Discuss the results from this regression versus those from the regression for 12 months of data.
Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
For a typical order, assume the following times (in hours): storage time (in between processes),5.0; inspection time, 1.0; move time (from process to process), 2.0; and manufacturing (processing) time, 8.0. Given this information, what is the manufacturing cycle efficiency (%), roundedto 1 decimal place (e.g., 45.156% = 45.2%)? (Hint: Refer to Exhibit 14.14 and accompanyingdiscussion.)
For a typical order, assume the following times (in hours): storage time (in between processes), 4.0; inspection time, 2.0; move time (from process to process), 3.0; and manufacturing (processing) time, 6.0. Given this information, what is the manufacturing cycle efficiency (%)? (Hint: Refer to Exhibit 14.14.) (Round your answer to 1 decimal place. (e.g., 32.463% = 32.5%))
You have recently hired an equipment operator for $30.00 per hour. To determine his/her billing rate you simply multiply $30.00 by 1.20 to ensure you get a 20% profit margin. Is this process correct?