Refer to the data in the preceding exercise. Required: 1. Draw a scatter diagram and graph the
Question:
Required:
1. Draw a scatter diagram and graph the company's energy cost behavior using the visual-fit method.
2. Predict the energy cost for a month in which 26,000 pints of applesauce are produced.
3. What peculiarity is apparent from the scatter diagram? What should the cost analyst do?
Transcribed Image Text:
Month January February March April May June July August Sxpicsnbxr October November Pints of Applesauce Produced 35, 000 21,000 22,000 24,000 30,000 32,000 40,000 30,000 30,000 28,000 41,000 39,000 Energy Cost $23,400 22,100 22,000 22,450 22,900 23,350 28,000 22,800 23,000 22,700 24,100 24,90
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
1 Scatter diagram and visuallyfitted line Continue to ...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-1259569562
11th edition
Authors: Ronald W. Hilton
Question Posted:
Students also viewed these Managerial Accounting questions
-
Refer to the data in the preceding exercise. Prepare the balance sheet of Ricoh Copy Center, Inc., at July 31, 20X9. Payments of cash: $ 0 Cash balance, July 31, 20X98,100 Cash balance, June 30,20x9...
-
Refer to the data in the preceding exercise. Required: (1) The monthly capacity of the Gloss Coat operation can be increased by 1,000 units if additional equipment is acquired at a cost of $2,000 per...
-
Refer to the data in the preceding exercise for Golden Gate Construction Associates. The company has two divisions: the real estate division and the construction division. The divisions total assets,...
-
Q Ltd prepares accounts to 31 March each year. The company made the following two disposals of chargeable assets during the year to 31 March 2021: (1) 1,250 shares in Hentic Ltd were sold on 28 June...
-
Refer to Problems 19-41 and 19-42. Instructions: 1. What is the notional value of the lobster forward contract described in Problem 19-41? What is the fair value of the forward contract during its...
-
Using all of the 82 pairs of ages in Data Set 11 from Appendix B. For that data set, there are 16 positive signs, 64 negative signs, and 2 ties. Use the Wilcoxon signed-ranks test to test the claim...
-
Consider the following cash flow profile, and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically...
-
Vulcan Companys contribution format income statement for June is given below: Management is disappointed with the companys performance and is wondering what can be done to improve profits. By...
-
Laverne owns 100% stock of the Pizza Bowl, Inc. (PB), which operates a classy combination bowling alley/pizza parlor. Her basis in the stock is $24,000. In its first year of existence, PB earned...
-
American Jeans Corp. purchases a cotton farm. The cotton grown on the farm will be used to make denim cloth for the companys jeans. This is an example of ________. a. Striking a price b. Vertical...
-
Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce. Apples can be stored for several months in cold storage, so...
-
Visit the website of one of the following companies, or a different company of your choosing. Boeing......................www.boeing.com Ford........................www.ford.com/us...
-
Evaluate the integral. 4 dx V1 x? J1/2
-
How is duration used to immunize debt portfolios?
-
Describe several conditions under which the constant growth method can give questionable results.
-
Explain how a businesss receivables balance is built up over time and why there are costs associated with carrying receivables.
-
Global Action Plan UK (GAP, Globalactionplan.org.uk) is a charity formed in 1993 that aims to help people live more sustainable lives by connecting what is good for individuals (health and...
-
How do the following factors affect the external financing requirement? a. Revenue growth rate b. Capacity utilization c. Capital intensity d. Profitability e. For investor-owned firms, dividend...
-
(a) If these three balloons are all the same size, what angle is formed between the red one and the green one? (b) If additional air is added to the blue balloon so that it gets larger, what happens...
-
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
-
Empire Chemical Company produces three products using three different continuous processes. The products are Yarex, Darol, and Norex. Projected sales in gallons for the three products for the years...
-
Vista Electronics, Inc. manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. ¢ Sales...
-
United Security Systems, Inc. (USSI) manufactures and sells security systems. The company started by installing photoelectric security systems in offices and has expanded into the private-home...
-
you retire with a large amount of savings in aretirement account. You decide to withdraw 3.5% to 4% of your savings the first year and increase the rate by inflation each year. What is the basis of...
-
test 1 for financial analysis and budgeting 1013 lambton college fpwt
-
Steed Company prepared a promissory note with a face value of $50,000, payable after 50 days, at a rate of 19%. Calculate the interest amount of the promissory note. Assume 365 days in a year. (Round...
Study smarter with the SolutionInn App