Ac552 Cost Accounting Week 1 Homework

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AC552
Week 5 Homework
Please complete the below problems and submit your answers in the Week 1 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information. 1. You are on a tight budget and need to decide between 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? Comparison of Monthly Costs of Texting Plans | # of texts | Plan A: $0.10 per text | Plan B Costs: $15 up to 500 ($.08 per Text over 500) | Plan C Costs: $25 up to 1000($.05 per Text over 1000) | 0 | 0 | $ 15.00 | $ 25.00 | 50 | $ 5.00 | $ 15.00 | $ 25.00 | 100 | $ 10.00 | $ 15.00 | $ 25.00 | 240 | $ 24.00 | $ 15.00 | $ 25.00 | 300 | $ 30.00 | $ 15.00 | $ 25.00 | 500 | $ 50.00 | $ 15.00 | $ 25.00 | 780 | $ 78.00 | $ 37.40 | $ 25.00 | 1000 | $ 100.00 | $ 55.00 | $ 25.00 | 1250 | $ 125.00 | $ 75.00 | $ 37.50 | 1500 | $ 150.00 | $ 95.00 | $ 50.00 | 1750 | $ 175.00 | $ 115.00 | $ 62.50 | 2000 | $ 200.00 | $ 135.00 | $ 75.00 |

1. In 3 – 4 sentences, define the following terms

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