Solution-Draw a graph of the total monthly cost of the

Draw a graph of the total monthly cost of the three plans

Assignment Help Cost Accounting

Reference no: EM131123540

Accounting

1.You are on a tight budget and need to decide among the following 3 texting plans:

Plan A: Pay $0.10 per text
Plan B: Pay a fixed monthly fee of $15 for up to 500 texts per month and $0.08 for each text over the 500.
Plan C: Pay a fixed monthly fee of $25 for up to 1,000 texts per month and $0.05 for each text over the 1,000.

Requirements

a. Draw a graph of the total monthly cost of the three plans for different levels of texting.
b. Which plan should you choose if you expect to make:

i.240 texts per month?
ii.780 texts per month?
iii.1,250 texts per month?

2. In 3-4 sentences, define the following terms and give two examples of each:

a. Direct Materials Cost.
b. Direct Manufacturing-Labor Costs.
c. Manufacturing Overhead Costs.
d. Indirect Materials Costs.
e. Prime Costs.
f. Conversion Costs.

Reference no: EM131123540

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Draw a graph of the total monthly cost of the three plans

Reference no: EM131123540

Reference no: EM131123540

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