# Question: Complete each of the following sentences with the appropriate term

Complete each of the following sentences with the appropriate term from the list below:

a. The horizontal (x) axis on a scattergraph plots _______.

b. On a scattergraph, the steeper the slope of the line, the higher the _______.

c. On a scattergraph, the point where the line intersects the vertical (y) axis indicates the _______.

d. The vertical (y) axis on a scattergraph plots _______.

1. Total cost

2. Total variable cost

3. Variable cost per unit

4. Activity level

5. Total fixed cost

a. The horizontal (x) axis on a scattergraph plots _______.

b. On a scattergraph, the steeper the slope of the line, the higher the _______.

c. On a scattergraph, the point where the line intersects the vertical (y) axis indicates the _______.

d. The vertical (y) axis on a scattergraph plots _______.

1. Total cost

2. Total variable cost

3. Variable cost per unit

4. Activity level

5. Total fixed cost

**View Solution:**## Answer to relevant Questions

Indicate whether each of the following statements about the high-low method is true or false:a. The formula for the high-low method is (Highest Cost - Lowest Cost) / (Highest Activity - Lowest Activity)b. The high-low method ...Refer to the Sandy’s Socks data in M5-11. Using the high-low method, calculate the total fixed cost per month and the variable cost per sock. How does the estimate of fixed cost compare to what you estimated inM5-11?Refer to the Sandy’s Socks data in M5-11. Suppose Sandy performed a least-squares regression and obtained the following results:CoefficientsIntercept .... 2718.59x Variable 1 ... 0.56Put Sandy’s results into a ...Consider Mountain Dental’s cost equation results obtained in E5-7 using least-squares regression.Required:1. Determine Mountain Dental’s unit contribution margin and contribution margin ratio if it charges $45 for each ...Bethany Link delivers parts for several local auto parts stores. She charges clients $0.75 per mile driven. She has determined that if she drives 2,100 miles in a month, her average operating cost is $0.55 per mile. If ...Post your question